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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
100 jobs Number of planned job losses
Announcement Date
9 January 2004
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2004
Description
The pension funding PGGM has restructured its IT department, allowing for better efficiency but therefore also less personnel to be dedicated to IT. Some 100 on the 1,200 jobs will be shed in the framework of that plan. Direct dismissals cannot be totally excluded and it is not excluded either that there will be more job losses.
Sources
9 January 2004: Het Financieel Dagblad
9 January 2004: De Telegraaf
Citation
Eurofound (2004), PGGM, Internal restructuring in Netherlands, factsheet number 60185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60185.
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