EMCC European Monitoring Centre on Change

Triple P

Company/Organisation:
Triple P

Geographic Location

Country: Netherlands
Location of affected unit(s): Vianen

Company

Sector: Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Number Employed: 373

Employment Effects

Announcement Date: 11-08-2003
Planned Job Reductions min: 43
Planned Job Reductions max: 118
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2004
Direct Dismissals: 62

Additional Information

In August 2003, Triple P has taken measures to reduce its costs in anticipation of lower net revenues. The company has undertaken the termination of the employment of 43 over its 373 employees. In September 2004 the Company has identified four areas in which it will intensify its efforts: Mission Critical, IP & Wireless, Managed Services and Procurement Services. Additionally, Triple P has decided to accelerate its plan to phase out of low margin activities due to the weakness in the IT services market. Consequently, Triple P has implemented a restructuring to eliminate positions that do not directly contribute to the success of the four focus areas. This restructuring is expected to result in a reduction of 75 positions. Triple P and the unions representing its employees have agreed upon a social covenant relating to the financial consequences for the 62 employees that will be laid off involuntarily. Triple P’s works council has approved the restructuring and Triple P expects that it will be completed before the end of the year.