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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Administration Of The State And The Economic And Social Policy Of The Community 84.12 - Regulation of the activities of providing health care, education, cultural services and other social services, excluding social security
200 jobs Number of planned job losses
Announcement Date
6 September 2012
Employment effect (start)
15 September 2012
Foreseen end date
31 December 2014
Description
Public housing corporation Vestia announced that it will cut 200 jobs in the next two years. Background for the job cuts is the negative financial situation of Vestia.
It is reported that Vestia’s unpleasant financial situation is due to the speculation with financial derivates. The case attracted much media interest as housing corporations such as Vestia are in part public organisations, but increasingly venture out to operate in the private sector.
Sources
6 September 2012: The Twentsche Courant
Citation
Eurofound (2012), Vestia, Internal restructuring in Netherlands, factsheet number 74120, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74120.
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