Arcadis to cut 1,000 jobs and streamline operations amid restructuring plan
Engineering firm Arcadis announced it will eliminate 1,000 full-time positions and divest most projects in China as part of a cost-saving drive.
Arcadis disclosed a major restructuring that will see 1,000 full-time jobs removed and most of its Chinese work transferred out. Chair Heather Polinsky explained that simplifying the business and reducing costs are essential to strengthen the company and concentrate on the most promising markets. The plan also calls for selective hiring in business units that are expanding.
To pinpoint additional efficiencies, 200 managers have been assigned to review operations. Arcadis, founded in 1888 and listed on the Amsterdam exchange since 1995, employs over 34,000 people across more than 30 countries. The firm has previously contributed to projects such as Rotterdam Centraal, the Rijksmuseum, and post-Katrina flood-defence work in New Orleans. A potential takeover by Canadian rival WSP Global has stalled, and the engineering firm’s employee-owned Lovinklaan Stichting holds a notable shareholding.
Why it matters
The layoffs affect 1,000 workers and signal a shift in Arcadis' global strategy, impacting the engineering sector and related markets.
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