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 chemical company DSM cuts 200 jobs worldwide, including 170 of the 3,900 jobs in the Netherlands. Most jobs cuts will occur at the division in Sittard-Geleen where 170 jobs will disappear, 120 of which through forced dismissals and another 50 jobs through natural attrition. The remaining 50 job cuts take place at a division in Delft. Changing market conditions are stated as the main reason for the reorganisation. For two years, a long-term social plan has been in place. Union representatives state they are unpleasantly surprised with the reorganisation plans and call the reorganisation an abuse of the social plan.
Eurofound (2020), DSM, Internal restructuring in Netherlands, factsheet number 101578, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101578.