Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

300 jobs
Number of planned job losses
Job loss
Announcement Date
24 August 2012
Employment effect (start)
Foreseen end date

Description

Construction group VolkerWessels announced that it will cut 300 out of a total of 12,000 jobs in the Netherlands. Background is the wish to cut costs in a very difficult market and the erosion of margins.

Earlier this year, negotiations with the unions on an overall social plan were unsuccessful. A timeline for the restructuring is not yet known.


Sources

  • 25 August 2012: De Volkskrant
  • 25 August 2012: Het Financieele Dagblad

Citation

Eurofound (2012), VolkerWessels, Internal restructuring in Netherlands, factsheet number 74043, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74043.