Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
46 - Wholesale trade, except of motor vehicles and motorcycles

1,000 - 1,300 jobs
Number of planned job losses
Job loss
Announcement Date
31 July 2003
Employment effect (start)
Foreseen end date

Description

Hagemeyer is a value added business-to-business (B2B) distribution services group focusing on the markets for electrical materials, safety and other MRO (Maintenance Repair and Operations) products.

Due to the reduction of its benefit and its quote on the stock exchange market, the management decided to fasten and to deepen the restructuration plan.


Sources

  • 31 July 2003: De Volkskrant

Citation

Eurofound (2003), Hagemeyer, Internal restructuring in World, factsheet number 59615, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59615.