Royal Imtech NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Royal Imtech NV Announces Details on Benelux, Spain and Marine Divisions Reorganization; to Cut Jobs
Royal Imtech NV announced that the objective of the reorganization is to achieve a healthy business-economic situation in the Benelux, Spain and Marine. The majority of the around 900 redundancies will be in the Benelux, and in particular in the Building Services business units. The planned setting up of a ‘flex pool’ for around 200 employees of the Building Services business unit in the Netherlands will be cancelled and these employees will be part of the total reorganization. A number of jobs will also be lost in the Infra division in the Netherlands. As a result of these measures, and because the Benelux business units active in the industrial market, in the field of industrial export and in Luxembourg are developing well, in 2013 the Benelux will show an upwards trend. There will also be job losses in Spain and the Marine division. Some of these reorganizations took place during the first three quarters of 2012. Agreements regarding various social plans will be discussed with the involved works councils and trade unions.
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