Economy
The administrators Imtech hope that a good offer as soon as possible done in the business, so employment in the various divisions remain intact as much as possible. That they said this morning at a press conference.
The first buyer has meanwhile been reported. Pon Holdings and investment company Parcom hold talks about a possible takeover of Imtech Marine.
Imtech has this morning announced that it has filed for suspension of payments. After many days of negotiations, not the company failed to reach an agreement with the banks on an additional emergency loan of 75 million euros. Directors Paul Peters and Jeroen Princen this afternoon to talk to the unions about the situation.
Imtech is a technical services provider in the fields of electrical engineering, ICT and mechanical engineering. It employs a total of around 22,000 employees in seven divisions, including 4,000 in the Netherlands. Imtech builds in the Netherlands include the Zaanstad prison and the North-South line of the Amsterdam metro. The company is responsible for the installation of all escalators, lifts and lighting in the subway.
FNV suspension Imtech terrible communication
“This is the worst thing you can hear,” commented John Meeder, director of FNV Metal. “Deferral is usually a harbinger of bankruptcy.” At 14:00 this afternoon, the unions in discussions with the board and trustees.
The Dutch branch of Imtech will remain by running as much as possible, says Meeder. “I hope for a new start, because that means jobs for most people. But it is natural that people are worried about the future, or they get paid their wages. “
Meeder hopes that the administrator finds a buyer for all Dutch units. “Whether such a buyer is I do not know, but Imtech is a fine company.” The trade unionist eight chances of a restart real.
Implications for North-South Line
The municipality of Amsterdam hopes to restart Imtech, which is involved in the construction of the North-South line. That said responsible councilor Pieter Litjens this morning, reports Reuters.
“I do not expect a bankruptcy for a long time waiting for it and it will show whether there is a restart. On that basis, we can only determine what the consequences are for the North-South line “
Imtech, together with Fisher & amp.; Smit Bouw the partnership VIA North South Line, which provides for the phasing out of the subway line. This is a contract of 300 million euros, said the councilor. At this time, it is checked whether the work can be housed elsewhere and certain products or can be supplied by others. However, that is not so easy, Litjens said, according to the ANP.
How Imtech is so deeply in trouble?
In early 2013, it became clear that Imtech least 100 million loss on the construction of a Polish theme. There was fraud in the game – and not just in Poland. In Germany, shortly after a major accounting scandal to light: false invoices, diverted money, a polished balance. Fraud Imtech cost hundreds of millions of euros. Against the local chief executive Klaus Betz – responsible for Poland and Germany – Imtech has reported and the company stop in Gouda was replaced. Since then, Imtech loss.
And it went so well with the darling of investors, write Teri van der Heijden and Carola Houtekamer in NRC. The company grew quickly by quick succession foreign companies take over. In 2011 the company was even given the title ‘Royal’. Turnover grew from 3.4 billion euros in 2007 to 5.4 billion in 2012 – the year for all the misery began.
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- FNV Metal
- Imtech
- Jan Meeder
- North-South Line
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