Amsterdam, September 28, 2020 – ID&T informed its staff today about its plan to implement a drastic reorganization. Since March, ID&T’s core business, organizing large-scale dance events, has come to a complete standstill due to COVID-19. In the plan, as presented today to staff, 40% of the jobs will be eliminated. Staff have been given the opportunity to submit ideas prior to the redundancy plan being finalized.
Ritty van Straalen, CEO of ID&T: “ID&T originated from a group of close friends with the same passion; bringing people together. This culture is still the foundation of the company almost 30 years later. These are therefore very difficult and emotional times for ID&T and of course all our employees. The impact of this crisis on our industry is unprecedented. Despite the fact that we also make use of government regulations and have reached a settlement with three of our four insurers in the dispute about the applicability of the insurance earlier this year, the losses are taking on enormous proportions and there is no clear view on what will happen next. Unfortunately, this means also for us that we can no longer avoid preparing for a worse scenario, in which it may still take a considerable time before we are fully operational again.”
ID&T is founded in 1992 and organizes approximately 80 events a year. The ID&T group includes the companies b2s, ID&T Events, Q-dance, Monumental (Awakenings), Air Events, Art of Dance and VD Events and events such as Mysteryland, Amsterdam Open Air, Milkshake, Vunzige Deuntjes, Thunderdome, Defqon.1 Weekend Festival, Awakenings, Decibel Outdoor and Masters of Hardcore. Their events attract more than one million visitors a year. The ID&T group also encompasses Platinum Agency and Most Wanted DJ, two of the world’s largest hard dance booking agencies, as well as management agency Headliner Entertainment.