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.
On 18 January 2012, property developer Bouwfonds Ontwikkeling announced that it will cut 100 jobs. This represents 25% of its total workforce. The company's employees have been informed about the redundancies, but a timeline is not yet known.
The redundancies is blamed on the severe crisis in the construction sector since mid-2008. In 2007, the firm sold 8000 houses. This number has fallen to just 4000 in 2011.
Bouwfonds Ontwikkeling already dismissed 100 people in May 2009 and has seen a hiring freeze for the last three years.
Eurofound (2012), Bouwfonds Ontwikkeling, Internal restructuring in Netherlands, factsheet number 73012, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73012.