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.
150 out of 210 jobs at the Dutch specialised printer of valuable paper Joh. Enschedé in Haarlem (west Netherlands) will be lost due to internal restructuring. The heavily indebted company had earlier announced it would cease printing money because it could not compete with, as it claims, state-owned and state-subsidised printers abroad, and that it would continue to print only stamps and visas, for which markets are also in decline because of the increase in digital communication. The dismissals will be announced in several stages, as there are still orders that need to be filled. It is unclear what has happened or will happen to the 60 temporary agency workers reported in December 2016 to have been working at Joh. Enschedé in addition to the regular staff of 210. The unions have been engaged in fierce negotiations over the redundancy package for the dismissed workers, finding the initial offer unacceptable. An agreement was eventually reached, however, that allows for 1.5 times the legal redundancy payment plus €2,000 per person for education and training. The redundancy package will also apply to the 60 remaining stamp production personnel, if it becomes necessary. Joh. Enschedé has operated for over 300 years and was long a family-owned company. In 2005, the company reduced staff by 100 positions, and by another 70 in 2014.
Eurofound (2017), Joh. Enschedé, Internal restructuring in Netherlands, factsheet number 90159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90159.
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