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 supplier of gas and electricity Eneco is cutting 80 out of 450 jobs at its subsidiary Eneco Installatiebedrijven, which instals central heating, thermostats, solar panels, etc. at homes and businesses. The job cuts are the result of the decision to no longer service corporate customers such as housing corporations because these activities are generating losses. 40 out of the originally intended 120 job losses were prevented by placing employees elsewhere in the company. The company has already negotiated a social plan with the unions and is in further negotiations to try to limit job losses as much as possible. Eneco Groep has activities in the Netherlands, Belgium and the UK and consists of a whole range of subsidiaries specialising in different parts of energy generation and distribution.
Eurofound (2016), Eneco Installatiebedrijven, Internal restructuring in Netherlands, factsheet number 88602, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88602.