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.
The merger of the Dutch telecoms services provider Ziggo with the US telecoms company UPC is to result in 450 redundancies affecting employees on fixed-term contract and several hundreds employees on other temporary or external contracts are not to be renewed. The offices in Heerhugowaard, Rijswijk and Nijmegen will be closed.
Ziggo announced early in 2014 that it planned redundancies; in October it was announced that at least 900 jobs were to be cut. The job cuts would be over 1,000 according to the trade unions.
The union also expects that several hundreds of employees will resign due to longer commutes following the merger. Some 600 employees will have to travel over 80km to their work and Ziggo itself expects that 80% of them will resign.
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Eurofound (2014), Ziggo, Merger/Acquisition in Netherlands, factsheet number 83711, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83711.
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