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ROYAL IHC UNVEILS PLANS FOR PROFITABILITY

Monday, November 16, 2020 

Following the acquisition of Dutch shipyard Royal IHC by an industry consortium, and to offer it a sustainable future, the yard is returning to its core activities in the dredging and offshore market, while in line with the expected turnover for the coming years about 300 jobs will be lost in The Netherlands.

A similar number of redundancies, manly in management and office roles, will take place at various offices outside The Netherlands.

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. It is very painful that we now have to say goodbye to some of those colleagues. However, I am convinced that given their own qualities and with the guidance we provide them, they will be successful in moving from work to work. Because we are now adapting the organisation to the expected turnover and structuring the company in such a way that we can respond efficiently and flexibly to market movements, IHC can continue to fulfil its leading role in the Dutch maritime industry. This is how we preserve the unique and high-quality technology and knowledge in The Netherlands.”

Moving forwards, the company will focus on its core activities in the dredging and offshore market. Other activities and business units will be divested, with the key objective being job retention. In view of the global economic situation, an order book with a value of €600-700 million is a realistic starting point. The organisational changes, a reduction in employee numbers and the phasing out of the contingent workforce are all necessary steps in this process.

Chairman of the Supervisory Board Jaap Huijskes has stepped down. As chairman, he guided IHC through an important period, and Commissioner Menno Snel has taken over as Chairman of the Supervisory Board.

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