Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture, Printing And Reproduction Of Recorded Media
Printing And Reproduction Of Recorded Media
18 - Printing and reproduction of recorded media
European Globalisation Fund (EGF)
Year: 2009, Case number: 26

450 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2009
Employment effect (start)
16 May 2009
Foreseen end date
31 December 2010

Description

On 15 May 2009, printing group Roto Smeets announced it will scrap 450 jobs in the coming one and a half year. Backround is excess capacity in the sector, aggravated by the recession.

As reported, the Netherlands applied for assistance from the European Globalisation Adjustment Fund (EGF).


Sources

  • 16 May 2009: NRC Handelsblad
  • 16 May 2009: Het Financieele Dagblad

Citation

Eurofound (2009), Roto Smeets, Internal restructuring in Netherlands, factsheet number 68917, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68917.