Vestia

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Public Administration / Defence
84 - Public administration and defence; compulsory social security
84.1 - Administration of the State and the economic, social and environmental policies of the community
84.12 - Regulation of health care, education, cultural services and other social services
250 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2013
Employment effect (start)
6 June 2013
Foreseen end date

Description

On 5 June housing corporation Vestia announced it will cut 250 jobs. Vestia faces serious financial problems due to losses on risky financial derivatives. The restructuring comes on top of earlier measures in September 2012 (see here).

Sources

  • 6 June 2013: Het Financieele Dagblad
  • 6 June 2013: De Volkskrant
  • 5 June 2013: Metronieuws

Citation

Eurofound (2013), Vestia, Internal restructuring in Netherlands, factsheet number 75669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75669.