United Restart

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Administrative Services
Employment Activities
Employment Activities
78 - Employment activities
90 - 240 jobs
Number of planned job losses
Job loss
Announcement Date
3 September 2004
Employment effect (start)
Foreseen end date
31 December 2005

Description

USG will reduce the number of United Restart branches from 23 to 22, resulting in the loss of more than 90 jobs. A provision of €4 million ($4.87 million) has been made for the restructuring which will result in cost savings of €3 million ($3.65 million) in 2005 when United Restart is expected to return to profitability. United Restart specialises in job coaching, career intervention and reintegration. The company has some 500 employees.

Sources

  • 3 September 2004: De Financiële Telegraaf

Citation

Eurofound (2004), United Restart, Internal restructuring in Netherlands, factsheet number 60586, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60586.