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 Of Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
100 jobs Number of planned job losses
Announcement Date
21 October 2015
Employment effect (start)
Foreseen end date
Description
G8 Europoort - a refinery in Rotterdam - will cease crude oil distillation after its acquisition by Gunvor Group resulting in the loss of 100 jobs. This loss accounts for almost 25% of its 350 strong workforce. The acquisition was finalised after a careful search by Kuwait Petroleum International (KPI), the refinery's current owner, the criteria of which included continuation of refinery operations. Trade unions will seek more favourable settlement packages for affected workers from KPI.
Sources
21 October 2015: swissinfo
9 October 2015: Portnews
Citation
Eurofound (2015), Q8 Europoort, Merger/Acquisition in Netherlands, factsheet number 85209, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85209.
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