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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.13 - Pre-press and pre-media services
110 jobs Number of planned job losses
Announcement Date
24 September 2014
Employment effect (start)
23 September 2014
Foreseen end date
Description
Swets Information Services, journal and newspaper distributor, as well as subscription managers, have been declared bankrupt by the Dutch court on 23 September in 2014, resulting in the immediate termination of all 110 employees. Swets Information Services operated as an intermediary between international publishing agencies and wholesalers of journals and newspapers. There is no current consequence of this bankruptcy on the international subsidiaries of the Swets & Zeitlinger Group. The bankruptcy is a result of the financial crisis as well as the growing popularity of online publishing as opposed to printed journals and newspapers.
Sources
24 September 2014: Swets Information Services (Press Release)
26 September 2014: Het Financieele Dagblad
Citation
Eurofound (2014), Swets Information Services, Bankruptcy in Netherlands, factsheet number 77666, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77666.
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