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

150 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2014
Employment effect (start)
Foreseen end date

Description

On 5 February 2014 construction group Ballast Nedam announced it will cut another 150 jobs. In October 2013, the group had announced the cut of 250 jobs.Two years ago, employment stood at 4,000. After this round of restructuring , some 3,000 jobs will remain.  Ballast Nedam expects to record a loss of 25 to 30 million euros over the year 2013. The unions have reacted critically to the restructuring.


Sources

  • 6 February 2014: De Volkskrant

Citation

Eurofound (2014), Ballast Nedam, Internal restructuring in Netherlands, factsheet number 76557, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76557.