EMCC European Monitoring Centre on Change

Nemetschek

Company/Organisation:
Nemetschek

Geographic Location

Country: World

Company

Sector: Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Number Employed: 958
Group: Nemetschek Group

Employment Effects

Announcement Date: 28-09-2002
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2002

Additional Information

Nemetschek AG is one of the leading vendors of information technology and consulting services for building design, construction and management. In June 2002 the managing board decided to react to the ongoing difficult situation in the building industry and IT sector with a second round of the restructuring program initiated in 2001. After the first round has already lead to savings in personnel cost and cost of materials by 10.6 % and 35.7 % respectively, the second round includes another cut of more than 100 jobs, as well as cost reductions in all areas.