Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.1 - Retail sale in non-specialised stores

400 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2015
Employment effect (start)
Foreseen end date

Description

V&D, the Dutch department store chain, has announced they will reduce employment by 400 persons. The announcement comes after months of negotiations with trade unions over a proposed pay cut. An agreement was finally reached: the pay cut will not occur, but in order to reduce labour costs the company must reduce their workforce. The plan will be presented to the Works Council by the end of the summer.


Sources

  • 3 July 2015: nrc

Citation

Eurofound (2015), V&D, Internal restructuring in Netherlands, factsheet number 85206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85206.