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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
245 jobs Number of planned job losses
Announcement Date
13 March 2014
Employment effect (start)
13 March 2014
Foreseen end date
Description
Dutch construction company De Combi Groep has been declared bankrupt and 245 jobs at the company will be lost as a result. The company specialised in maintenance, renovation and new construction.
According to the source, the job cuts are a result of a decline in the Dutch construction sector. Additionally, the source notes that the firm was experiencing cash flow problems and cost-cutting measures were insufficient to mitigate the company’s losses.
The exact timeframe of the restructuring process is still unclear.
Sources
20 March 2014: Het Financieele Dagblad
Citation
Eurofound (2014), De Combi Groep, Bankruptcy in Netherlands, factsheet number 76943, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76943.
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