At the Annual General Meeting of Shareholders of Royal Boskalis Westminster nv, that took place yesterday afternoon, CEO R. van Gelder stated that operations in the early months of 2004 had met expectations. 'We are having to do our utmost and we are not always getting our just rewards at the moment.'
In 2004, Boskalis will continue to focus on its position in the market. The program to optimize the organization announced previously is on course and is currently in the implementation stage. The measures primarily involve sharper purchasing, the rationalization of equipment and the organization, and better portfolio management for the home markets. Worldwide, they will lead to a reduction in the workforce of approximately 450, roughly 200 of which will be in the Netherlands. The expenses needed for the package of measures as a whole (€15