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.
The Dutch military and civil shipbuilding company Damen Shipyards has announced 114 job cuts in the Netherlands.
The ongoing recession in the offshore oil and gas market and the effects of the COVID-19 pandemic are the reasons why a reorganization has become necessary for Damen Shipyards. The reorganisation involves the two repair yards in the Rotterdam area, Damen Verolme Rotterdam and Damen Shiprepair Rotterdam.
Damen is an international shipyard group with 13,000 employees worldwide. The reorganization follows 173 redundancies in August 2020 and 115 redundancies in July 2020. Finally, further job cuts involved the Romanian establishments in September 2020.
Eurofound (2021), Damen Shipyards, Internal restructuring in Netherlands, factsheet number 103625, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103625.