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.
Dutch car maker NedCar in Born will cut 668 jobs, trade union FNV Bondgenoten and the workers' council of NedCar said on 12 July 2005. Due to the creation of a detachment fund, 300 of the redundant employees wil be able to temporarily retain their jobs. The remaining 368 employees have been informed that they would be laid off in September 2005. NedCar's employees who have joined the detachment fund, will keep their jobs for a period of 2.5 years, and will retain their income safety and current employment conditions. NedCar currently has some 3,900 employees. The company has been facing a strong overcapacity in the past months.
Eurofound (2005), Nedcar, Internal restructuring in Netherlands, factsheet number 62004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62004.