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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
1,355 jobs Number of planned job losses
Announcement Date
23 April 2013
Employment effect (start)
24 April 2013
Foreseen end date
31 December 2013
Description
Netherlands-based technical services provider Imtech is to cut 1,300 jobs. Most of the redundancies refer to the Netherlands (550) and Germany (550) while another 200 jobs will be cut across the organization. The restructuring plan is attributed to the need to reduce costs and increase efficiency.
The group announced its plans for a consultation with the trade union and the works council. Till now there is no specific timeline for the implementation of the restructuring plan.
Updated, 07/11/2013: As announced the final number of job redundancies for 2013 is 1,355 (FTEs).
Sources
23 April 2013: nrc.nl
7 November 2013: Imtech (press release)
23 April 2013: Financial Times
23 April 2013: Imtech (press release)
Citation
Eurofound (2013), Imtech, Internal restructuring in European Union, factsheet number 75270, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75270.
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