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.
Vendex KBB is restructuring its subsidiary Vroom & Dreesman. At least 12 of the 17 supermarkets should be closed, and 1,815 jobs on the 8,500 employed by V&D should be lost.
This is part of the Vendex restructuring programme suppressing in total some 2,300 jobs on the 14,000 employed by Vendex.
On January 31 2004, 1,590 jobs have already been suppressed from the 1,800 announced in September. According to a spokesperson for the company, some 2,700 rather than 2,300 employees could be affected by the restructuring. A lot of part time jobs will indeed be shed to reach the number of 1,800 full time equivalents.
Eurofound (2003), Vendex, Internal restructuring in Netherlands, factsheet number 59756, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59756.