In order to return to profitability and to offer it a sustainable future, Royal IHC is returning to its core activities in the dredging and offshore market. In addition, the size of the organization will be brought in line with the expected turnover for the coming years. As a result of these changes, about 300 jobs will be lost in The Netherlands in the coming months. Also, a similar number of redundancies will take place at its various offices outside The Netherlands. This mainly concerns management and office roles, said IHC.
Commenting the latest news, CEO Gerben Eggink said: “Royal IHC has a long history, in which it has built up extensive technological knowledge and a leading position in the Dutch maritime cluster. This was only possible through the knowledge, commitment and talent of its employees.”