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.
On 26 May 2011 the local transport company of The Hague (HTM) announced that it will cut 450 to 500 jobs. The job cuts are attributed to recent budget cuts announced by the central government. The first wave of restructuring will mostly affect administrative staff and employees on fixed-term contract. In a second phase, the company intends to cut its core business by scrapping tram lines.
Eurofound (2011), HTM, Internal restructuring in Netherlands, factsheet number 72083, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72083.