EMCC European Monitoring Centre on Change

WM-data Novo

Company/Organisation:
WM-data Novo

Geographic Location

Country: World

Company

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

Employment Effects

Announcement Date: 10-03-2004
Planned Job Reductions min: 152
Planned Job Reductions max: 152
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-04-2004
Direct Dismissals: 152

Additional Information

WM-data Novo will start joint discussions with its staff on the redundancy of approximately 190 employees. The cooperation procedure aims at consolidating and reorganising the operations of WM-data Novo, its subsidiaries, and WM-data, WM-data Infra Solutions, WM-data Internal Services and WM-data X-Way. The restructuring is due to operational and financial reasons. The company seeks to complete the cooperation procedure by the end of April. The aim is to minimise the number of job cuts through pension arrangements, in house transfers and training schemes. On May 7 2004, after cooperation negotiations with the personnel, the company has decided to make at maximum of 152 employees redundant. The final number may still decrease if the present open vacancies are filled by inner replacements