Imtech

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Germany, Netherlands, other locations
Sector
Professional Services
71 - Architectural and engineering activities; technical testing and analysis
71.1 - Architectural and engineering activities and related technical consultancy
71.12 - Engineering activities and related technical consultancy
1,355 jobs
Number of planned job losses
Job loss
Announcement Date
23 April 2013
Employment effect (start)
24 April 2013
Foreseen end date
31 December 2013

Description

Netherlands-based technical services provider Imtech is to cut 1,300 jobs. Most of the redundancies refer to the Netherlands (550) and Germany (550) while another 200 jobs will be cut across the organization. The restructuring plan is attributed to the need to reduce costs and increase efficiency.

The group announced its plans for a consultation with the trade union and the works council. Till now there is no specific timeline for the implementation of the restructuring plan. 

Updated, 07/11/2013: As announced the final number of job redundancies for 2013 is 1,355 (FTEs).

Sources

  • 23 April 2013: nrc.nl
  • 7 November 2013: Imtech (press release)
  • 23 April 2013: Financial Times
  • 23 April 2013: Imtech (press release)

Citation

Eurofound (2013), Imtech, Internal restructuring in European Union, factsheet number 75270, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75270.