Bouwgroep BAM eliminates 650 jobs – The Standard

Bouwgroep BAM eliminates 650 jobs – The Standard

             The Dutch construction group BAM will reorganize its operations by grouping. A series of subsidiaries That will affect 650 jobs, especially office functions in the Netherlands. The six operating companies in Belgium are bundled into BAM Belgium, so made the assembly Wednesday. According to the assembly the consequences for the Belgian employees will remain “extremely limited.”
         

BAM operates with the operating companies Interbuild, Galère, BAM Technics Betonac, CEI-De Meyer and Kaïros in Belgium as on the website of the group. These will all be grouped under the name ‘BAM Belgium. At BAM in Belgium ’2000 to 3000 people.’ Work Also in the Netherlands companies grouped; that’s from twelve to two (BAM Construction and property and BAM Infra).

“The organizational changes are intended to BAM externally effective in various markets can operate internally and can achieve greater efficiency,” it sounds in a press release. These organizational changes threaten 650 jobs, mainly in the Netherlands. “The remaining reduction is to divide the other countries where BAM active,” the spokesman said. “The consequences for Belgium will therefore be extremely limited.”

“Since the crisis hit every year

BAM is also active in include the United Kingdom, Ireland and Germany. Worldwide, the group employs 23,000 people worldwide. The unions in the Netherlands say they are about the extent of the surgery. Shocked They point out that BAM more than 1,000 jobs jobs have disappeared since 2009. “Since the crisis, it has been hit every year,” says.

The reorganization is part of a previously announced program to save. 100 million in costs This purpose has been achieved at the end of 2015. Working capital should also be reduced. Durable with 300 million The one-time restructuring costs are estimated at 80 to 100 million.

According to Rob van Wingerden, who earlier this month Nico de Vries relieved as chief executive at the largest construction company in the Netherlands, the measures are needed to improve the results . Who were lately under pressure from poor market conditions and setbacks in several large projects.

In the first half of the year turned BAM even at the operational level, but remained below the line losses are 6, 6 million. For clarity, the Dutch construction group BAM is not the same as the “Management Company Antwerpen Mobiel (BAM), although the Dutch also competed for building the Oosterweelverbinding

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