Boskalis Announces Head Office Layoffs

Boskalis has completed the previously announced study into the costs of its head office organization, which will target total cost savings of EUR 30-35 million – resulting in the loss of around 230 jobs.

This restructuring is part of the Corporate Business Plan 2017-2019 which Boskalis presented at the start of the year and will be implemented in the next 18 months.

The reason for the study is that Boskalis is impacted by the negative market developments, mainly as a result of the low oil price. Initial steps to respond to this were taken last year with the announcement of a fleet rationalization and cost reduction program, said Boskalis.

A significant part of the fleet rationalization program was already implemented in 2016 and an impairment charge was taken on the offshore fleet and goodwill.

As a result of this measure, around 230 employees will be made redundant at the head office in Papendrecht. The reduction will be absorbed through attrition and redeployment where possible, but compulsory redundancies cannot be ruled out.

Boskalis has requested the formal opinion of the Works Council with regard to this intended decision.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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