|By PR Newswire||
|April 11, 2014 02:15 AM EDT||
NIEUWEGEIN, The Netherlands, April 11, 2014 /PRNewswire/ --
Ballast Nedam is to close Omnia Plaatvloer B.V. in Coevorden. The closure has been prompted by persistent losses and the lack of future prospects. This situation is attributable to the sharp fall in construction volume and a substantial production overcapacity in the market for prefabricated concrete floors. Omnia produces and supplies wide panel flooring for residential and nonresidential buildings. The closure of this company will involve the loss of 67 jobs, including 7 employees of the wholly owned subsidiary JK Engineering B.V.. This subsidiary works exclusively for Omnia Plaatvloer B.V. on the technical design of floor constructions and consultancy.
Production will cease in mid June. In order to assure customers of the delivery of orders, Ballast Nedam has transferred the portfolio to the company Betonson, which is part of the Van Nieuwpoort Groep and is a supplier on the market for prefabricated concrete floors.
The Central Works Council has now been consulted and the relevant trade unions have been informed.
The employees will be told about the closure this morning. Ballast Nedam's current redundancy package will be applicable to Omnia and JK Engineering employees. A mobility centre has been set up to help those affected to move if possible into a new job without delay.
Omnia was founded in 1973, and has been an independent, non-central Ballast Nedam business unit since 2002.
Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards specific product-market combinations with greater added value.
Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com
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