Implenia is restructuring and plans 2,000 job cuts by 2023. The construction group immediately predicts that 750 jobs will fall by the wayside, including 250 in Switzerland, according to a press release on Tuesday.
The company also expects annual savings of more than 50 million francs by 2023.
More than 1000 positions transferred to other owners
The press release states that the group is also planning to cede around 1,250 full-time positions to other owners. Implenia is working on reducing its assets by almost 20%. In total, the restructuring costs will reach almost CHF 60 million.
For the current financial year, the group anticipates an operating loss (EBITDA) of around 70 million francs and calculates depreciation of around 200 million.
Source link by https://www.arcinfo.ch/articles/economie/construction-implenia-annonce-2000-suppressions-d-emplois-996831
*The article has been translated based on the content of Source link by https://www.arcinfo.ch/articles/economie/construction-implenia-annonce-2000-suppressions-d-emplois-996831
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Construction: Implenia announces 2,000 reductions … for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
