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.
Lely Industries, manufacturer of agricultural machines such as milk robots, has announced it will cut at least 100 jobs at its headquarters in Maassluis, Zuid-Holland (West Netherlands). The reduction follows the sale of part of Lely's organisation, Forage, to the US based ACCO. The 95 workers employed within forage will remain in their positions for the first year of business, officially employed with ACCO instead of Lely Industries. It is unclear whether those workers will be able to rejoin Lely after termination of the initial 12-month period.
Lely Industries is an international specialist in agricultural machinery and employs approximately 2,000 people.
Eurofound (2017), Lely Industries Maassluis, Merger/Acquisition in Netherlands, factsheet number 92901, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92901.