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.
Tata Steels announced that it will cut 125 jobs at two different plants in the Netherlands. Operations at the production site at Moerdijk will be transferred to Maastricht, resulting in the loss of 64 jobs. In Maastricht itself, one production line will be shut down, resulting in the loss of another 61 jobs.
Background is the drop in demand for steel across Europe. Forced dismissals cannot be avoided, according to a spokesperson of the Tata group. A timeline for the restructuring has yet to be announced.
Eurofound (2012), Tata Steel, Internal restructuring in Netherlands, factsheet number 74122, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74122.