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.
Energy group Eneco has announced that it will cut between 400 and 500 jobs when it merges two of its subsidiary companies. According to the source, the two companies to be merged are Stedin (network) and Joulz (installing and maintenance), who together employ around 4000 people. The jobs will be cut between now and June 2015. Staff at the two companies have been briefed about the restructuring and the trade unions have also been informed. According to the source, the restructuring is a response to falling profits due to a reduction in tariffs for energy transport.
Eurofound (2014), Eneco, Merger/Acquisition in Netherlands, factsheet number 77225, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77225.