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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
668 jobs Number of planned job losses
Announcement Date
12 July 2005
Employment effect (start)
1 September 2005
Foreseen end date
Description
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.
Sources
12 July 2005: De Financiële Telegraaf
Citation
Eurofound (2005), Nedcar, Internal restructuring in Netherlands, factsheet number 62004, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62004.
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