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.
Dutch-based construction group Ballast Nedam announced plans to cut 250 jobs.
As announced, the restructuring refers to the group’s headquarters and its regional and specialised companies and will cost about 7 million euros.
According to the sources the continuing crisis in the construction sector is still having a negative impact on the group’s economic results.
The new job reduction measures come on top of an earlier restructuring plan in 2012. For previously reported restructurings see also: Ballast Nedam Infra-2011, Waco Lingen Beton-2011 and Ballast Nedam-2002.
Eurofound (2013), Ballast Nedam, Internal restructuring in Netherlands, factsheet number 76079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76079.