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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.1 - Building of ships and boats
250 jobs Number of planned job losses
Announcement Date
28 September 2022
Employment effect (start)
28 September 2022
Foreseen end date
31 December 2022
Description
Royal IHC is a Dutch shipbuilding company, located in South-Holland. They announced the dismissal 250 employees as a result of a major internal restructuring. They are not receiving enough large orders and can no longer afford to employ the same number of employees. Additionally, the company is now facing competition from Asia. With a voluntary severance package, they hope to keep forced dismissals at a minimum.
This is not the first time the company has encountered problems. In 2020, Royal IHC was saved from bankruptcy, and in 2021 around 1,000 jobs were cut worldwide. Moreover, later this year, one of the company’s two locations, Krimpen aan den IJssel, will be temporarily closed. The company is currently hoping for future orders from the Dutch Ministry of Defense.
Royal IHC currently employs 2,500 people in the Netheralands. A previous announcement was recorded in the ERM database in November 2020, with 300 job cuts (Royal IHC-2020-NL).
Sources
28 September 2022: Het Financieele Dagblad (fd.nl)
Citation
Eurofound (2022), Royal IHC, Internal restructuring in Netherlands, factsheet number 107465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107465.
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