Boskalis is to cut about 230 jobs at its head office in Papendrecht, following a cost savings review.
As a result of the review, which was carried out in light of deteriorated market conditions in the oil and gas sector, the company will target total cost savings of between €30m and €35m.
Boskalis said the restructuring is part of the corporate business plan 2017–2019 which was presented at the start of the year and will be implemented in the next 18 months.
It added that the job cuts will be “absorbed through attrition and redeployment where possible, but compulsory redundancies cannot be ruled out”.
The company said it started a fleet rationalisation and cost reduction programme last year in response to negative market developments mainly resuting from the oil prices.
Image: Boskalis
Boskalis to cut 230 jobs at HQ
Negative market conditions in oil and gas market reason for changes
By EBS