Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

650 jobs
Number of planned job losses
Job loss
Announcement Date
15 November 2012
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2012

Description

On 15 November 2012 construction group BAM (24,000 employees) announced it is running a restructuring operation which will result in the loss of 650 jobs in the Netherlands before the end of 2012.

Background is the crisis in the housing market, due to the economic crisis and insecurity about developments in mortgage regulations.


Sources

  • 16 November 2012: Het Financieele Dagblad

Citation

Eurofound (2012), BAM, Internal restructuring in Netherlands, factsheet number 74617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74617.