Bouwfonds Ontwikkeling

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41.1 - Development of building projects
100 jobs
Number of planned job losses
Job loss
Announcement Date
18 January 2012
Employment effect (start)
Foreseen end date

Description

On 18 January 2012, property developer Bouwfonds Ontwikkeling announced that it will cut 100 jobs. This represents 25% of its total workforce. The company's employees have been informed about the redundancies, but a timeline is not yet known.

The redundancies is blamed on the severe crisis in the construction sector since mid-2008. In 2007, the firm sold 8000 houses. This number has fallen to just 4000 in 2011.

Bouwfonds Ontwikkeling already dismissed 100 people in May 2009 and has seen a hiring freeze for the last three years.

Sources

  • 19 January 2012: Vastgoedmarkt
  • 19 January 2012: Het Financieele Dagblad

Citation

Eurofound (2012), Bouwfonds Ontwikkeling, Internal restructuring in Netherlands, factsheet number 73012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73012.