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.
Dutch food company CSM will cut some 500 jobs in the coming years, the CEO, Gerard Hoetmer, said on 31 August 2005. According to Hoetmer, the workforce reduction is part of the earlier announced cost-cutting programme for 2005 to 2007.
CSM cut 500 jobs in 2004, in addition to the thousands of jobs which were cut due to the sale of CSM's Sugar Confectionery division to British investment company CVC Capital Partners at the end of 2004.
Eurofound (2005), CSM, Internal restructuring in Netherlands, factsheet number 62367, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62367.