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 the 2 April 2012, the City Council of Rotterdam announced that it will cut more jobs than it previously planned in mid-2011 (see previous announcement here). The number of redundancies has increased to 2,450 from 2,000 previously announced. The City Council of Rotterdam employs a total of 12,200 people.
Reportedly, the restructuring is driven by the need to cut costs and reduce the budget. Moreover, it is stated that there are greater possibilities to increase efficiency.
Eurofound (2012), Rotterdam, Internal restructuring in Netherlands, factsheet number 73638, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73638.