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 14 May 2013 Van Lanschot announced plans to cut 250 (FTEs) jobs in 2013 and 2014.
The recent announcement comes on top of the running restructuring programme, announced in 2012 involving 200 to 300 job cuts (see Van Lanschot-2012).
As announced the new job reduction plan is linked with the need for further cost saving measures and is going to be implemented by means of natural attrition though forced dismissals are not ruled out.
According to the company, the recent plan is under the framework of the general reduncy plan agreed with the trade unions in 2012 and will be submitted to the Works Council.
For previous restructuring see also Van Lanschot-2009 and Van Lanschot-2004.
Eurofound (2013), Van Lanschot, Internal restructuring in Netherlands, factsheet number 75807, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75807.