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 - Manufacture of other transport equipment
151 jobs Number of planned job losses
Announcement Date
22 September 2004
Employment effect (start)
Foreseen end date
Description
IHC Holland N.V., a wholly owned subsidiary of IHC Caland N.V. has decided to structurally reduce its cost levels in order to improve its competitive position. In certain activities it will also reduce capacity in order to match market demand. This will lead to a total reduction of 151 positions. A significant proportion of the manpower reduction will be realised by not filling in vacancies, by terminating temporary employment contracts and by making maximum use of early retirement possibilities but unfortunately a forced redundancy plan for 48 employees cannot be avoided. The intended measures and a social plan are being discussed with the unions and the works council.
Sources
23 September 2004: IHC Caland Press release
23 September 2004: ANP-AFX
Citation
Eurofound (2004), IHC Holland, Internal restructuring in Netherlands, factsheet number 60561, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60561.
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