Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Other Services
Membership Organisations
Activities Of Membership Organisations
94 - Activities of membership organisations

100 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2011
Employment effect (start)
Foreseen end date

Description

Dutch development aid organisation Cordaid announced it will cut 100 out of 240 jobs in the coming years. Background is the expected cuts of government funding. At present, almost half of the income of Cordaid comes from public sources. The organisation expects that government funding will decrease from 65 to 25 million Euros by 2015.

A timeline for the restructuring has yet to be announced.


Sources

  • 12 October 2011: NRC Handelsblad

Citation

Eurofound (2011), Cordaid, Internal restructuring in World, factsheet number 72591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72591.