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.
Clothing retail group Etam announced that it will cut 140 jobs in the Netherlands, out of a total of 2,500.
Forty jobs will be cut at the head office in Zoetermeer, while the remaining 100 will be lost at individual branches. It is reported that the background for the restructuring are financial losses due to changing market conditions.
As of yet, there is no timeline for the restructuring as the company is currently in consultation with the unions.
Eurofound (2013), Etam, Internal restructuring in Netherlands, factsheet number 74779, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74779.