Implenia accelerates strategy implementation and sets new targets after rigorous risk assessments of Portfolio
Restructuring is planned to affect up to 2,000 FTE by 2023, thereof ~750 layoffs, of which ~250 in Switzerland. The plan is to transfer ~1,250 FTE to new ownership. Implenia expects yearly savings of CHF >50 million and a ~20% reduction in its asset base by 2023, with restructuring costs amounting to CHF ~60 [...] Restructuring is planned to affect up to 2,000 FTE by 2023, thereof ~750 layoffs, of which ~250 in Switzerland. The plan is to transfer ~1,250 FTE to new ownership. Implenia expects yearly savings of CHF >50 million and a ~20% reduction in its asset base by 2023, with restructuring costs amounting to CHF ~60 [...] annual savings of CHF >50 million by 2023. Furthermore, in order to reduce tied up capital and become more asset light, Implenia also intends to increasingly source project-related third-party services instead of owning them, for example yards and equipment. By 2023, assets are expected to be reduced by[...]