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 British sporting goods retailer JD Sports has notified the Dutch trade unions that only 1000 out of 2500 former employees of the Dutch sporting goods retailers Perry Sport and Aktiesport (both part of the Unlimited Sports Group, USG), have been offered continued employment. The Dutch USG was acquired by JD Sports after it went bankrupt in February 2016. The 1000 remaining employees appear to be mainly young persons working in retail locations all over the country, and have been offered temporary contracts through the Dutch temporary work agency Randstad. This implies that the jobs lost are among the relatively older workers and those working at the former head office, although an unnamed number of head office workers have been kept on. One of the main Dutch trade unions, CNV, has responded with disappointment, considering the optimism that had followed the acquisition in March and the announcement by USG that most of the employment would be saved. The largest Dutch trade union FNV, which has received numerous complaints, is investigating the possibilities for a legal case for age discrimination.
Eurofound (2016), JD Sports, Merger/Acquisition in Netherlands, factsheet number 87372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87372.