EMCC European Monitoring Centre on Change

Fugro NV

Company/Organisation:
Fugro NV

Geographic Location

Country: World

Company

Sector: Mining / quarrying
Mining and quarrying
06 - Extraction of crude petroleum and natural gas
Number Employed: 7000

Employment Effects

Announcement Date: 19-11-2003
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Merger/Acquisition

Additional Information

Fugro acquires the survey and geotechnical activities of the French Thales Geosolutions active in the oil and gas industries. It is thereby possible to reduce the marketing and administration costs. 10 % of the existing jobs for the off-shore activities (4050 employees) of both companies will be suppressed.

Sources:

19-11-2003Fugro - Press release
19-11-2003Het Financieele Dagblad