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.
Home care provider Icare plans to cut 240 jobs under a restructuring programme, it was reported on 13 September 2004. The restructuring will affect mainly the maternity care, due to the expected decrease in births. The organisation will announce its final decision on the restructuring in October 2004, after negotiations with the trade unions. The restructuring programme is expected to save €16 million ($19.6 million) per year. Icare's annual budget stands at €225 million ($276 million). The move also aims at increasing Icare's competitiveness. The organisation also plans to create some 110 jobs in the future. Icare is the largest home care provider in the Netherlands.
Eurofound (2004), Icare, Internal restructuring in Netherlands, factsheet number 60555, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60555.