Nexity, the leading French real estate developer, announced plans to cut 502 positions in response to the construction crisis. The group’s deputy general director, Jean-Claude Bassien, confirmed that the information-consultation process for a job protection plan would be initiated, leading to the elimination of 502 positions. Nexity has been focused on reducing its operating costs to address the challenges posed by the current economic situation.
The workforce reduction will primarily affect the Promotion-construction division, which is expected to decrease by 27% compared to 2022. The cost of the plan is estimated at around 50 million euros, with anticipated savings of 36 million euros in 2025 and 45 million euros per year thereafter. The CEO of Nexity, Véronique Bédague, stressed the importance of agility and cost-saving measures in order to navigate the crisis.
The real estate sector in France is facing rising construction costs, declining demand, and regulatory challenges, leading to job losses across the industry. Nexity’s restructuring plan includes decentralization, cost-cutting, and diversification into new areas like solar energy and savings products. While the group is seeing some positive indicators for the future, CEO Véronique Bédague cautions that the housing crisis is likely to persist for some time.
In response to the changing market conditions, Nexity is aiming to adapt and innovate in order to weather the current challenges. The group is focused on sustainability, cost-efficiency, and proactive planning to ensure its continued success in a challenging economic environment.
The Warsan factory in Dubai is set to process 2 million tons of waste per…
The Russian arms industry is thriving despite Western sanctions, with China stepping in as a…
South Africa has accused Israel of conducting a genocidal campaign against Palestinians in Gaza, specifically…
Paleontologists have made an exciting discovery, identifying the largest marine reptile known to have swam…
The "Bild" and the "New York Post" featured the covers of the extensive article prepared…
During a recent interview, Alexandra Dubinskaya, MD, FACOG, Rachel Pope, MD, MPH, and Jill Krapf,…