Restructuring events
European Restructuring Monitor (ERM)
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.
The Dutch manufacturer of electrotechnical equipment mainly for the maritime industry is cutting 100 permanent jobs among engineers and office personnel by closing locations in Breda (Zuid-Nederland), Enschede (Oost-Nederland), and reducing personnel at the head office in Schiedam (West-Nederland). No reductions are expected among production workers. The decision follows a severe drop in profit due to the slump in investments in the oil and gas sector, which created difficulties for Huisman's clients. Huisman and the main Dutch trade unions CNV and FNV have negotiated a social plan for the employees who will be made redundant. The trade unions have acknowledged the necessity for internal restructuring and aimed for a one-time restructuring plan that will thereafter bring stability back into the organisation, an expectation shared by Huisman's HR department. Huisman, with 800 permanent staff and 300 additional staff in the Netherlands, have further locations in Monaco, Germany, Czech Republic, China and Brasil, and are making efforts to adapt to changing market conditions by getting involved, for example, in wind-generated energy.
Eurofound (2016), Huisman, Internal restructuring in Netherlands, factsheet number 88160, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88160.