Ballast Nedam

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
250 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2013
Employment effect (start)
25 October 2013
Foreseen end date

Description

Dutch-based construction group Ballast Nedam announced plans to cut 250 jobs.

As announced, the restructuring refers to the group’s headquarters and its regional and specialised companies and will cost about 7 million euros.

According to the sources the continuing crisis in the construction sector is still having a negative impact on the group’s economic results.

The new job reduction measures come on top of an earlier restructuring plan in 2012. For previously reported restructurings see also:  Ballast Nedam Infra-2011, Waco Lingen Beton-2011 and Ballast Nedam-2002.

Sources

  • 25 October 2013: NRC Handelsblad
  • 25 October 2013: Ballast Nedam (press release)
  • 25 October 2013: NOS

Citation

Eurofound (2013), Ballast Nedam, Internal restructuring in Netherlands, factsheet number 76079, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76079.