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.
Due to a decrease in the number of orders, SIF, a manufacturer of pillars to secure windmills, and oil- and gasplatforms to the seabed, will just about halve its number of employees by reducing the workforce from 615 to 320 full-time positions. The company in Roermond saw its profit fall bij more than 75% in 2018, which is the reason for the layoffs. The workers that are let go are mostly temporary employees.
Eurofound (2018), SIF, Internal restructuring in Netherlands, factsheet number 94830, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94830.