Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities

1,600 jobs
Number of planned job losses
Job loss
Announcement Date
30 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 October 2006

Description

Wolters Kluwer wants to improve its cost base with sustainable cost reductions of 240 million euros from 2003 to 2006. These cost savings will be realised by restructuring operations, streamlining back-office functions, developing shared services, and consolidating real estate holdings. Wolters Kluwer also will standardise technology platforms, consolidate data centres, and increase its cost flexibility with offshore development and IT outsourcing. 1,600 jobs will be affected worldwide.


Sources

Citation

Eurofound (2003), Wolters Kluwer, Internal restructuring in World, factsheet number 59750, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59750.