Ballast Nedam cuts jobs
Deteriorating market conditions have forced Ballast Nedam to cut 45 of 144 jobs in its northwest region in the Netherlands.
The job losses are at Ballast Nedam Construction & Development. A centre will be opened to assist as many people as possible in finding new employment.
Ballast Nedam broke even in the first half year in a deteriorating market. Losses came in particular from the real estate development and the regional companies, both in construction and in infrastructure, which suffered due to poor market conditions.
Ballast Nedam works in the Netherlands in four areas of work: housing, mobility, energy and nature. It focuses on five niche markets: industrial construction, hospitals, offshore wind turbines, secondary raw materials and alternative fuels.
Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.
This article was published on 22/08/2012 (last updated on 22/08/2012).