International Dredging Review

International Dredging Review
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In response to the findings of a study on the costs of its head office Royal Boskalis Westmin­ster N.V. (Boskalis) will be restructuring and elim­inating 230 jobs. 

The study was initiated due to deteriorating mar­kets and an expected continuation of low energy prices that were hampering the company’s bottom line. Boskalis first responded in 2016 with a fleet ra­tionalization and cost reduction program and then included restructuring in its Corporate Business Plan that will be implemented over the next 18 months. 

The company is expecting a cost savings of EUR 30 to 35 million and plans to absorb the staff reduction through attrition and redeployment where possible. 

Boskalis has a fleet of more than 900 vessels and floating equipment 11700 employees and operates in 90 countries.