Type
Merger/Acquisition
Country
Netherlands
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23.6 - Manufacture of articles of concrete, cement and plaster

220 jobs
Number of planned job losses
Job loss
Announcement Date
15 November 2012
Employment effect (start)
Foreseen end date

Description

Construction company Adriaan van Erk Groep announced it will take over BTE, one of the largest producers of concrete in the Netherlands. 220 jobs will be cut at BTE, after extending a restructuring operation that had started in 2011.

Background is the continuing crisis in the Dutch construction market.


Sources

  • 16 November 2012: Het Financieele Dagblad

Citation

Eurofound (2012), BTE, Merger/Acquisition in Netherlands, factsheet number 74648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74648.