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.
Estro, the largest child care provider in the Netherlands is to cut 400 jobs. The restructuring is on top of previously implemented job cuts in 2012 and part of a cost saving plan. As mentioned, the rising unemployment rates as well the government cuts in child care subsidies explain the recorded 30% drop in demand during 2012-2013. A social plan on collective redundancies is under discussion between the company and the trade unions. The timeline of the restructuring has not yet been announced.
Eurofound (2013), Estro, Internal restructuring in Netherlands, factsheet number 75658, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75658.