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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
350 - 665 jobs Number of planned job losses
Announcement Date
18 December 2002
Employment effect (start)
1 December 2002
Foreseen end date
1 July 2003
Description
ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. ASMLs corporate headquarters is in Veldhoven, the Netherlands.
A firt wave of job suppression was announced in december 2002 (350 jobs). Another suppression was announced on July 2003, involving 550 more jobs worldwide whereof some 400 in the Netherlands.
February 2004. ASML Holding NV (ASML) announced the implementation in the Netherlands segment of its restructuring plan in March, after reaching an agreement with the companys works council. This restructuring plan was already announced in July 2003. As the situation is better than foreseen, not 400 but 305 jobs are to be shed in the Netherlands, consisting of contractors (some 200) and full time employees (some 100). This is approximately 11 percent of the total Dutch work force and approximately 6 percent of the global ASML work force. In December 31, 2003, ASML employed 5,059 people worldwide, with 2,711 people based in the Netherlands.
Sources
18 December 2002: De Telegraaf
18 December 2002: De Volkskrant
20 February 2004: ASML - Press releases
16 July 2003: De Telegraaf
Citation
Eurofound (2002), ASM Lithography (ASML) NL, Internal restructuring in Netherlands, factsheet number 60183, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60183.
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