EMCC European Monitoring Centre on Change

Ballast Nedam

Company/Organisation:
Ballast Nedam

Geographic Location

Country: Netherlands

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 4000

Employment Effects

Announcement Date: 25-10-2012
Planned Job Reductions min: 400
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2012

Additional Information

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:

26-10-2012NRC Handelsblad
26-10-2012De Volkskrant
26-10-2012Het Financieele Dagblad

Sources Links:

http://nos.nl/artikel/433505-ballast-nedam-in-rode-cijfers.html