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.
Parker Hannifin Netherland, part of the global US-based Parker Hannifin Corporation specializing in electronic and mechanical motion control technologies, is to cut 160 jobs in the Netherlands.
As announced, the company plans to close 2 of its rubber and plastic tubes production sites.
The production plant in Hoogezand will be closed; production will be relocated to Italy, resulting in the loss of all 110 jobs.
Another 50 jobs will be cut in Almelo. Background is a drop in demand and increasing competition from Asia.
The group has also announced job cuts in Norway, Sweden, Germany, Italy and France.
Eurofound (2013), Parker Hannifin Netherland, Offshoring/Delocalisation in Netherlands, factsheet number 75938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75938.