Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Zuid-Limburg, Rijnmond, Friesland
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

400 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2003
Employment effect (start)
Foreseen end date

Description

GTI, acquired in 2001 by Tractebel, became since then part of the Suez conglomerate. 400 jobs will be suppressed mainly in South-Limburg, friesland and Rijnmond. This measure intends to improve profitability since earlier measures haven't been successful.


Sources

  • 18 November 2003: Het Financieele Dagblad

Citation

Eurofound (2003), GTI, Internal restructuring in Netherlands, factsheet number 59403, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59403.