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.
Dutch e-commerce business Tom Omnichannel Management (TOM) is to cut 100 employees at its plant in Bladel. Of these, 71 permanent employees will be dismissed while 21 people voluntarily resigned. Moreover 179 temporary workers will be dismissed. The company is in financial trouble and has seen its profit margins drop significantly: it has experienced rapid growth in a short time, but has to deal with supply problems and very high prices for container transport from China and India. The company is trying to support the laid-off workers by helping them relocate to other companies in the regions.
TOM is a Dutch e-commerce business with about 14 web shops offering products primarily in the field of leisure products sourced from China and India.
Eurofound (2022), Tom Omnichannel Management (TOM), Internal restructuring in Netherlands, factsheet number 106449, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106449.