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.
Dow Chemical, a multinational manufacturer of chemical products, is cutting 170 jobs at its location in Terneuzen, including 150 direct dismissals. The job cuts in Terneuzen are part of a worldwide reorganisation to reduce personnel costs. The reorganisation is a result of a strong drop in demand in several sectors of Dow supplies. The job cuts in Terneuzen include both manufacturing and office jobs. In the purchasing department, 15 jobs will be relocated to Switzerland. Talks about a social plan are ongoing.
Dow employs 3,600 people in Terneuzen and 36,500 people worldwide in over 30 countries.
Eurofound (2020), Dow Benelux, Internal restructuring in Netherlands, factsheet number 101941, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101941.