⁍ Swiss construction and real estate firm Implenia plans to shrink its workforce by up to 2,000 full-time jobs by 2023.
⁍ The group said roughly 750 of which would be through lay-offs.
⁍ Implenia said it expected to report a loss of around 70 million Swiss francs ($77.18 million
– Swiss construction and real estate firm Implenia plans to shrink its workforce by up to 2,000 full-time jobs by 2023, the group said in a statement on Tuesday, roughly 750 of which would be through lay-offs. “As a consequence of the sharpened and accelerated strategy execution with focus on core solid margin businesses, Implenia must take unavoidable and painful measures,’ the Swiss firm said in a statement, which also highlighted the impact of COVID-19 on its performance. “The group will restructure its market presence and therefore plans to reduce its workforce significantly.” It said it expected to report a loss of around $77 million before interest, tax, depreciation and amortisation for 2020, of which is due to the impact of COVID-19.
Source: https://www.reuters.com/article/implenia-jobs/swiss-construction-firm-implenia-to-shrink-workforce-by-2000-by-2023-idUSL1N2HI0F5