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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.39 - Other passenger land transport n.e.c.
450 - 500 jobs Number of planned job losses
Announcement Date
26 May 2011
Employment effect (start)
1 July 2011
Foreseen end date
1 January 2013
Description
On 26 May 2011 the local transport company of The Hague (HTM) announced that it will cut 450 to 500 jobs. The job cuts are attributed to recent budget cuts announced by the central government. The first wave of restructuring will mostly affect administrative staff and employees on fixed-term contract. In a second phase, the company intends to cut its core business by scrapping tram lines.
Sources
26 June 2011: Nos.nl
Citation
Eurofound (2011), HTM, Internal restructuring in Netherlands, factsheet number 72083, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72083.
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