Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Imtech_Rotterdam_6431
Imtech building in Rotterdam (Picture: Wikimedia Commons/Gerd Fahrenhorst) - Credit: Imtech building in Rotterdam (Picture: Wikimedia Commons/Gerd Fahrenhorst)
Business
AFM
bankruptcy
Belgium
Debt
economy
Euronext
Euronext Amsterdam
finance
Germany
Gouda
ICT
Imtech
Ireland
IT
jobs
Kuijpers
Parcom Capital
Pon Holdings
spain
United Kingdom
Zuid-Holland
Thursday, 13 August 2015 - 20:12
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Imtech declared bankrupt in Rotterdam court; 15,000 jobs threatened

Consultancy and service firm Royal Imtech N.V. formally entered bankruptcy protection on Thursday. The fate of part of the Gouda-based company's workforce, including 22,000 global employees, of which 2,700 are in the Netherlands, is not yet known. At least 7,300 of those jobs are protected after the company's Marine and Nordic divisions were sold off. Parcom Capital and Pon Holdings acquired the Marine unit. Imtech Nordic was spun off into a separate, private business. The job figure includes 1,300 Netherlands employees. The administrators are looking to sell-off the Traffic and Infrastructure unit, as well as Imtech Belgium, Imtech Spain, and Imtech UK/Ireland. Dutch firm Kuijpers also announced their intention to bid on parts of Imtech. Debt-holders are first in line to get payments, leaving shareholders unlikely to regain any value from the business division sales. Trading in the company's stock was halted by financial authority AFM on Thursday morning. It will be pulled off the Euronext Amsterdam MidCap index listing "very soon," a Euronext spokesman told newswire AFN. Imtech Germany officially went bankrupt a week ago.

Follow us:

Latest stories

  • MP's propose harsher punishments for hate crimes
  • Caribbean Netherlands braces for tropical storm Bonnie with curfew, closed schools
  • Farmers protests increasingly radical, police say; Coalition party demands debate
  • Angry farmers break through police barricade at Minister's house
  • About 150 houses heavily damaged after Zierikzee tornado
  • Necklace worth €27 million snatched in Tefaf Maastricht art fair robbery: Report

Top stories

  • Caribbean Netherlands braces for tropical storm Bonnie with curfew, closed schools
  • Farmers protests increasingly radical, police say; Coalition party demands debate
  • Angry farmers break through police barricade at Minister's house
  • Necklace worth €27 million snatched in Tefaf Maastricht art fair robbery: Report
  • Covid hospital patient total jumps 17 percent; New infections rise by 29 percent
  • Small plane crashes in Flevoland lake; Rescuers working to save victims

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content