Van Oord

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42.91 - Construction of water projects
120 jobs
Number of planned job losses
Job loss
Announcement Date
16 June 2020
Employment effect (start)
Foreseen end date

Description

Dutch dredging company Van Oord has announced it will cut 500 jobs, of which 120 jobs will be cut in the Netherlands. The job cuts are related to the difficult market conditions, due to the COVID-19 pandemic and the volatility in oil- and gas prices. Job cuts will take place across the company, affecting both workers on its ships and office staff. The company has started consulting employee representatives. Van Oord, originally a dredging company, has expanded to offshore field services in recent years. The company had 5,217 employees in several countries at the end of 2019.

Sources

  • 16 June 2020: Het Financieele Dagblad (fd.nl)

Citation

Eurofound (2020), Van Oord, Internal restructuring in Netherlands, factsheet number 100926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100926.