Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Wright Reports
Provider: Sadif Analytics Prime

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Ballast Nedam announces Omnia Plaatvloer closure and related layoffs

Friday, 11 Apr 2014 02:18am EDT 

Ballast Nedam NV:Decides to close Omnia Plaatvloer B.V. in Coevorden.Closure prompted by persistent losses and lack of future prospects.Situation attributable to fall in construction volume and substantial production overcapacity in market for prefabricated concrete floors.Omnia produces and supplies wide panel flooring for residential and nonresidential buildings.Closure to involve loss of 67 jobs, including 7 employees of wholly owned subsidiary JK Engineering B.V., working exclusively for Omnia Plaatvloer B.V. on technical design of floor constructions and consultancy.Production to cease in mid June.Omnia orders portfolio transfered to Betonson, part of Van Nieuwpoort Groep and supplier on market for prefabricated concrete floors. 

Company Quote

-0.053 -2.93%
7:17am EDT