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.
With this article we would like to inform you with regard to a number of new developments in the everchanging field of Dutch employment law. We will touch on COVID-19
BUREN has contributed to the Chambers ‘Doing Business Guide’ on the chapter about doing business in The Netherlands. The guide provides the latest
In this alert we will elaborate on the form and legal requirements for employment agreements under Dutch law.