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 dredging company Van Oord has announced it will cut 500 jobs, of which 120 jobs will be cut in the Netherlands. The job cuts are related to the difficult market conditions, due to the COVID-19 pandemic and the volatility in oil- and gas prices. Job cuts will take place across the company, affecting both workers on its ships and office staff. The company has started consulting employee representatives. Van Oord, originally a dredging company, has expanded to offshore field services in recent years. The company had 5,217 employees in several countries at the end of 2019.
Eurofound (2020), Van Oord, Internal restructuring in Netherlands, factsheet number 100926, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100926.