Technical service provider Imtech will cut 1300 jobs in a reorganisation. Most jobs will be lost in the Netherlands and Germany.
The company has announced this is necessary to improve its competitiveness and bringing its business capacity in line with market conditions. In addition, the write-off in Germany/Poland appears to be larger than originally anticipated.
Gerard van de Aast, CEO: ‘The last quarter was turbulent and difficult. […] The ongoing investigations in Germany and Poland are being carried out with the utmost precision […] It is positive that our order book remains on level. Some of our markets remain difficult to some extent. For that reason, and also to improve Imtech’s competitiveness, Imtech is announcing a reorganisation today. This involves a headcount reduction, which is extremely regrettable, but is unfortunately unavoidable.’
Most Jobs Lost in the Netherlands and Germany
Taking the ongoing difficult market conditions in the Netherlands into account, it has been decided to implement a reorganisation in order to strengthen the competitiveness and profitability of the companies in the Netherlands. This mainly concerns capacity reductions in the office buildings market and the Infra business in response to the changed market conditions.
As part of this reorganisation, a cost-savings and an efficiency programme has commenced in Germany. The planned personnel and cost reductions will further support our German operations’ effectiveness and profitability.
The total anticipated reorganisation charges in 2013 will amount to approximately 80 million euro and will lead to a loss of 1300 jobs, particularly in the Netherlands and Germany. Imtech will consult the Works Council and trade unions regarding implementing the reorganisation plan.
