Dutch dredging and services company Royal Boskalis Westminster has decided to cut around 230 jobs from its head office in Papendrecht as it looks to save around EUR30-35m.
The move follows a study commissioned on the back of deteriorated market circumstances and the expected long spell of low energy prices. Cuts will be implemented in the next 18 months.
“The reduction will be absorbed through attrition and redeployment where possible, but compulsory redundancies cannot be ruled out,” Boskalis said in a statement.
