Internal restructuring
Location of affected unit(s)
Hoogeveen, Papendracht, Geldrop
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

215 jobs
Number of planned job losses
Job loss
Announcement Date
15 September 2006
Employment effect (start)
Foreseen end date
31 December 2006


Industrial group Stork announced on 15 September 2006 that it will cut 215 jobs at the Aerospace division. The reasons for this are both the delay in the production schemes for airplanes like the Airbus 380 and the wish to become more competitive. The reorganisation will hit three locations: 185 jobs in Hoogeveen and Papendrecht and 30 in Geldrop. The estimated result of the measures will be a reduction in costs of some 25 million euro. Since the beginning of 2006 Stork already scrapped 110 temporary jobs.

The Stork group recently came under attack from two hedge funds (Centaurus and Paulson) that demand the splitting up of the Stork Group by selling the Technical Services and Food Systems divisions and keeping only the Aerospace division.


  • 16 September 2006: Het Financieele Dagblad


Eurofound (2006), Stork Aerospace Industries, Internal restructuring in Netherlands, factsheet number 64085, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64085.