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

400 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2012
Employment effect (start)
Foreseen end date
31 December 2012

Description

On 25 October 2012 Ballast Nedam, the fifth largest construction company in the Netherlands, announced it will cut 400 to 500 jobs, due to the continuing crisis in the construction sector.

Most of the jobs will be lost in the divisions that are active in housing projects and infrastructure.


Sources

  • 26 October 2012: NRC Handelsblad
  • 26 October 2012: De Volkskrant
  • 26 October 2012: Het Financieele Dagblad

Citation

Eurofound (2012), Ballast Nedam, Internal restructuring in Netherlands, factsheet number 74450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74450.