As indicated in the semi-annual figures and the trading update, market conditions in the prefab concrete market are difficult and Heijmans has therefore announced a number of measures. Heijmans intends to sharply reduce the production capacity of its Bestcon prefab concrete factory.
Bestcon will be exclusively focused on the production of prefab concrete for the Heijmans activities, including residential and non-residential building, and civil engineering works. This means that over two thirds of the 90 jobs will be eliminated. Where possible, Heijmans will relocate employees internally, however the possibility of forced layoffs has not been excluded. The intention to undertake this organizational restructuring is currently being reviewed by the Works Council for advice.
About Heijmans
Heijmans is a listed company, that combines activities related to property development, residential building, non-residential building, technical services, road building and civil engineering. Heijmans operates in the Netherlands, Belgium and Germany. We create added value for our customers by focusing on quality improvement, integrated projects, sustainability and profitability. Heijmans realizes projects for home buyers, companies and government entities. With approximately 8,100 employees and € 2.7 billion in revenues in 2010, we are building the spatial skylines of tomorrow. For more information, visit www.heijmans.nl.
For further details / not for publication:
Press:
Lonneke Wijnhoven
Director of Communications
+31 73 543 52 17
lwijnhoven@heijmans.nl
Analysts:
Frank Heerens
Investor Relations Manager
+31 73 543 52 17
fheerens@heijmans.nl