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.
Irish multinational fast-fashion retailer Primark has announced to dismiss 240 people in managerial positions in Netherlands. The aim of the restructuring is to simplify the decision-making chain and achieve greater flexibility. The board is currently negotiating with the works council and unions for a social plan for the affected workers. However, new functions will also be introduced, and 200 new jobs will be created.
Primark is an Irish multinational fashion retailer known for fast fashion. The company has 78,000 employees in over 398 stores in 14 countries.
Eurofound (2022), Primark, Internal restructuring in Netherlands, factsheet number 106742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106742.