Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Dutch retail company Jumbo announced it will cut 300 jobs at its head offices in Veghel, in order to make the head offices more efficient. Internally, the company had already announced plans to restructure the 1,300 people head offices as early as January.
The restructuring includes the outsourcing of 180 administrative jobs, such as personnel administration and accounts payable administration. In addition, 120 management jobs will disappear as a result of internal restructuring. 40 of these jobs are reported to be cut by natural attrition, whereas the remaining 80 jobs will be cut by direct dismissals.
Jumbo has announced a social plan, stating that it will be more generous than anticipated before the COVID-19 outbreak. The restructuring will be effective from September, but dismissed employees will remain on the payroll until December.
Jumbo is a Dutch retail company with supermarkets operating under the same name, mostly in the Netherlands. In recent years, it has expanded its online activities, opened its first stores in Belgium and acquired several stores from other Dutch companies.
Eurofound (2020), Jumbo, Outsourcing in Netherlands, factsheet number 100751, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100751.