Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Zuid-Holland; Groot-Rijnmond
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

250 jobs
Number of planned job losses
Job loss
Announcement Date
27 October 2008
Employment effect (start)
Foreseen end date

Description

Robecco, an asset management group, has anounced that it will cut 250 jobs from 2000 in the Netherlands. The company considers itself to be too expensive in comparison to its competitors. Cost cutting is considered unavoidable because of turnover decreases due to the credit crisis.


Sources

  • 28 October 2008: Het Financieele Dagblad

Citation

Eurofound (2008), Robeco, Internal restructuring in Netherlands, factsheet number 67646, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67646.