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.
KPN EnterCom Solutions BV, part of the Fixed Division of KPN, has announced its intention to cut its workforce by 750 jobs. With a slow economy, price erosion and growing competition slowing down revenues at KPN EnterCom, KPN considers improvement of efficiency and greater commercial clout essential. This specific reduction is not related to the personnel cutback at the Fixed Division by 800 jobs announced in January. Some 140 jobs will be eliminated immediately. The other jobs will disappear during the course of 2005. Forced redundancy will be avoided wherever possible but cannot be ruled out. The labour unions and works councils have been informed about the intended measures and been asked for advice. Employees who lose their job will fall under the social plan that was agreed with the labour unions in connection with the collective labour agreement that runs to the end of 2005. KPN EnterCom is the market leader in the field of business communication.
Eurofound (2004), KPN EnterCom Solutions, Internal restructuring in Netherlands, factsheet number 60978, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60978.