Largest construction firm, BAM, lays off 650

BAM, the largest construction company in the Netherlands, aims to simplify the organization, causing 650 full time jobs to disappear. Most of the layoffs will happen in the course of 2015, mostly among the office staff. At the moment BAM consists of 12 operating companies in the Netherlands. These are merging together in two companies, reducing the number of necessary office jobs. This is not the first reorganization that the company has implemented since the crisis. In recent years 1,150 jobs have been eliminated. BAM is struggling. In the first half of the year the company suffered a 6.6 million euro loss. The construction company lost a lot of money on a number of large infrastructure projects.