Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Up to 200 jobs to go at Grontmij

Consultant Grontmij has announced plans to axe up to 200 jobs as part of a comprehensive restructuring triggered by sharp drop in profits.

Last month the firm revealed it had called in auditor KPMG to “conduct a thorough review and to provide insight into its various financial options”. This followed revelations that deteriorating business conditions in the UK and the Netherlands had hit profits.

The firm today said that it was cutting its direct and indirect workforce by between 150 and 200, mainly in the Netherlands and at its corporate head office in De Bilt. It said that forced redundancies could not be ruled out.

The move is expected to cost the firm €9M (£6.6M) in the final quarter of 2011. The firm said it is also closing and merging a number of its Netherlands offices, costing it a further €3M (£2.5M). As a result it will incur a net loss for the full year 2011.

 It added that further cost cutting measures could not be ruled out in order to “align its organisation with the current market environment and create a solid foundation for 2012 and beyond”.

It will provide further updates “accordingly” and at the latest upon publication of its 2011 annual results on 9 March.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.