HVL

Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Zuid-Holland; Groot-Rijnmond
Location of affected unit(s)
Rotterdam
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
150 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2005
Employment effect (start)
Foreseen end date

Description

Dutch construction and installation company TBI in Rotterdam will cut some 150 of the 900 jobs at its subsidiary HVL. The job cuts are a consequence of decreasing results over the last years, due to the worsened market conditions. Forced redundancies at Eindhoven-based HVL are inevitable and 50 jobs will be cut through natural attrition. Trade unions will negotiate a social plan. In addition, the organisation of HVL will be simplified.

Sources

Citation

Eurofound (2005), HVL, Internal restructuring in Netherlands, factsheet number 62369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62369.