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 21 December 2011, construction group Ballast Nedam announced it will cut 115 jobs at its regional infrastructure division. This accounts for 20% of the company's total workforce. It is reported that forced redundancies have not been ruled out by the company.
Background for the redundancies is weakened market conditions and the postponement of activities by local governments.
Eurofound (2011), Ballast Nedam Infra, Internal restructuring in Netherlands, factsheet number 73013, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73013.