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.
DSM, a manufacturer of chemical products for health and nutrition, aims to reduce its headcount by 200 jobs globally. Most of the jobs will be lost in Waalwijk (the Netherlands), where the company intends to reduce their staff by 90 people (coming from 450 employees). Another 40 jobs will be lost in other Dutch plants. An additional 70 jobs will be lost in other countries.
The Waalwijk plant specializes in resins and functional materials, products that are facing reduced demand from the construction industry.
DSM stresses that a large portion of the job losses can be achieved through "soft job reduction", for example non-renewal of temporary fix-term contracts. The company estimates that the restructuring will involve only 50 direct dismissals.
Eurofound (2011), DSM, Internal restructuring in World, factsheet number 72635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72635.