BUREN has been appointed by Lincoln Electric to advise on a restructuring of the activities of its Dutch subsidiary, Lincoln Smitweld B.V, which also involved a collective layoff of more than 75 employees. BUREN has legally supervised this restructuring / collective redundancy and in this context supervised, among other things, the advisory process with the Works Council, conducted the negotiations with the trade unions about the Social Plan, conducted the collective dismissal procedure at the UWV and advised on individual termination schemes.
Lincoln Electric, listed at the NASDAQ, is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment and has a leading global position in brazing and soldering alloys. Headquartered in Cleveland, Ohio, Lincoln has 55 manufacturing locations in 18 countries and a worldwide network of distributors and sales offices covering more than 160 countries. In 2020, Lincoln Electric generated $2.7 billion in revenue. The restructuring of the activities of Lincoln Smitweld B.V is part of the restructuring of the Lincoln Electric organization in Europe.
For more information about Lincoln Electric, click here.
Effective 1 January 2023, a number of changes to Dutch employment law have been implemented. We have listed a number of the most significant changes below.
The Act implementing the EU Directive on Transparent and Predictable Working Conditions entered into force on 1 August 2022. This entails a number of changes to existing employer
On 4 April 2022, the Dutch State Secretary of Finance