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.
Avebe, the Netherlands-based starch-producing firm, has announced the withdrawal of its branches from over 60 countries. The decision to pull out was caused by disappointing profits for the Dutch company.
In 2002, Avebe had already announced a restructuring involving the suppression of 450 jobs worldwide, whereof 350 in the Netherlands.
January 2004. The first job suppression announced in 2002 has been achieved for 50 %. Avebe announced the suppression of 200 jobs worldwide, whereof 90 in the Netherlands. Direct dismissals are not excluded and the job reduction timeline is not known yet.
Eurofound (2004), Avebe B.A., Internal restructuring in Netherlands, factsheet number 59313, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59313.