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.
Railway operator Nederlandse Spoorwegen (NS) is cutting 500 jobs at its headquarters in Utrecht as part of a new savings programme aimed at saving €200 million annually.
The reorganisation will occur through natural attrition, without forced layoffs. This measure is necessary, according to the company, as NS continues to incur losses in 2024, similar to previous years, due to the persistent trend of remote working which pressures revenue. The core task of NS, operating trains in the Netherlands, remains unprofitable.
Most of the 20,000 NS employees work on trains or at stations, where no reorganisation is planned. Last year, NS hired a thousand new conductors and drivers.
Eurofound (2024), Nederlandse Spoorwegen, Internal restructuring in Netherlands, factsheet number 201450, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201450.