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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.1 - Warehousing and storage
112 jobs Number of planned job losses
Announcement Date
14 April 2014
Employment effect (start)
14 April 2014
Foreseen end date
Description
Dutch transportation and storage firm Odfjell has announced that it will cut 112 jobs in Rotterdam. The firm currently employs 265 jobs at that location. The company has begun consultations with the Works Council and with trade unions for a social plan and a new collective labour agreement for 2015. A precise timeline for job cuts is not available yet.
The source reports that the job cuts are part of larger restructuring at the firm to restore profit levels which have fallen in recent years. The source reports that the firm has also had some legal trouble; in 2012 a terminal at its Rotterdam facility was shut down as many of its tanks did not meet safety requirements. At the end of 2013 Odfjell was fined €3 million because of these safety concerns.
The ERM has previously reported on restructuring events at Odjell in 2012.
Sources
7 February 2014: Odfjell (press release)
14 April 2014: Nieuws
Citation
Eurofound (2014), Odfjell, Internal restructuring in Netherlands, factsheet number 76937, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76937.
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