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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
New offshoring locations
Bosnia and Herzegovina
195 jobs Number of planned job losses
Announcement Date
15 February 2022
Employment effect (start)
15 February 2022
Foreseen end date
31 December 2022
Description
Metal company TN Europe BV, formerly TN Netherlands, will close its factory at Veenendaal by the end of 2022 and will cut 195 jobs, of which 13 temporary workers. The Japanese parent company Tsubaki Nakashima is moving production to Bosnia-Herzegovina: the company was one of Veenendaal's largest employers. Its customers are bearing manufacturers, suppliers to the automotive industry (cars and trucks) and other industrial companies.
Structural changes in the automotive sector, such as electrification,are impacting metal production. TN Europe BV has been losing revenue and customers since 2018 and is no longer profitable.
Social partners and unions were recently informed and are working on a social plan; the work council has also received an advice request to help with the situation. However, Union CNV states that they expect employers to contact TN Europe BV on short notice due to an alarming shortage of well-trained technical staff.
TN Europe BV is a metal company that supplies the automotive industry and works with car brands such as Mercedes, BMW, Audi, and Volkswagen.
Eurofound (2022), TN Europe B.V., Offshoring/Delocalisation in Netherlands, factsheet number 106351, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106351.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
