Construction company BAM announces reorganization, about a thousand jobs lost | NOW

0
4


Royal BAM Group announces a major reorganization on Wednesday. The construction company says it is forced to intervene as a result of the corona crisis and because it has less tendered for tenders.

The latter is a strategic choice, because the works for which BAM subscribes must be profitable for the company. At the end of last year, BAM employed 19,500 employees.

The total reorganization should save around 100 million euros in costs on an annual basis. Most of the cost savings will be achieved by significantly reducing the workforce. That amounts to around a thousand jobs that are lost.

“Given the effect of the COVIC-19 pandemic and the disappointing results in the first half year, we are taking far-reaching measures to structurally improve our profitability,” says brand new CEO Ruud Joosten.





Source link by https://www.nu.nl/economie/6080712/bouwbedrijf-bam-kondigt-reorganisatie-aan-circa-duizend-banen-weg.html

*The article has been translated based on the content of Source link by https://www.nu.nl/economie/6080712/bouwbedrijf-bam-kondigt-reorganisatie-aan-circa-duizend-banen-weg.html
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

LEAVE A REPLY

Please enter your comment!
Please enter your name here