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.
(41 - 43) Construction 41 - Construction of residential and non-residential buildings 41 - Construction of residential and non-residential buildings 41.0 - Construction of residential and non-residential buildings
150 jobs Number of planned job losses
Announcement Date
5 February 2014
Employment effect (start)
Foreseen end date
Description
On 5 February 2014 construction group Ballast Nedam announced it will cut another 150 jobs. In October 2013, the group had announced the cut of 250 jobs.Two years ago, employment stood at 4,000. After this round of restructuring , some 3,000 jobs will remain. Ballast Nedam expects to record a loss of 25 to 30 million euros over the year 2013. The unions have reacted critically to the restructuring.
Sources
6 February 2014: De Volkskrant
Citation
Eurofound (2014), Ballast Nedam, Internal restructuring in Netherlands, factsheet number 76557, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76557.
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