EMCC European Monitoring Centre on Change

VolkerWessels

Company/Organisation:
VolkerWessels

Geographic Location

Country: Netherlands

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 12000
Group: VolkerWessels

Employment Effects

Announcement Date: 24-08-2012
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring

Additional Information

Construction group VolkerWessels announced that it will cut 300 out of a total of 12,000 jobs in the Netherlands. Background is the wish to cut costs in a very difficult market and the erosion of margins.

Earlier this year, negotiations with the unions on an overall social plan were unsuccessful. A timeline for the restructuring is not yet known.