Royal IHC Plans Workforce Reduction

Dutch shipbuilder Royal IHC has announced its plans to cut 1,100 temporary and 487 permanent jobs as a direct result of the rapidly deteriorating market.

The company will close two of their four manufacturing locations, including the facility at Hardinxveld and all production work done near the company’s headquarters outside of Dordrecht, Zuid-Holland, leaving the Kinderdijk and Krimpen aan de IJssel facilities intact, IHC announced yesterday.

According to the labor union, this represents a loss of almost 20% of total workforce within the organization.

Economic developments in the markets in which IHC operates forced the company to take the action, said IHC in yesterday’s release. In particular, the decline in oil prices and significant drop in newbuild orders were some of the main reasons for the job cuts.

 

Share this article

Follow Dredging Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

CEDA Dredging Days 2019

The conference is well-attended by professionals representing the entire cross-section of the dredging field…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply