The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.1 - Research and experimental development on natural sciences and engineering
500 jobs Number of planned job losses
Announcement Date
30 October 2015
Employment effect (start)
Foreseen end date
Description
Dutch geophysical survey and service provider Fugro has announced a further 500 job cuts. This follows more than 1,000 job losses early in 2015. This round of job loss is due to the continuing low global oil prices, which has resulted in fewer oil companies contracting Fugro's services. The company intends to move into new markets such as infrastructure and wind energy, however this is difficult considering its low performance in the last year - this is the fourth quarter that it will operate at a loss.
Sources
30 October 2015: De Financiële Telegraaf
Citation
Eurofound (2015), Fugro, Internal restructuring in Netherlands, factsheet number 85235, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85235.
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