Papendrecht, 19 September 2016

Royal Boskalis Westminster N.V. (Boskalis) announces that its Works Council has unanimously rendered a positive advice on the fleet rationalization plan announced early July. Part of the positive advice in an agreement to continue to crew two of the five Fairmount vessels for the time being with Dutch employees.

As a consequence, 24 vessels will be taken out of service in the coming two years resulting in the loss of approximately 650 jobs worldwide.

Furthermore, Boskalis has reached an agreement in principle with the Works Council on a social plan. The workforce reduction will be absorbed through attrition and redeployment where possible and affected employees can make use of a social plan. Boskalis will invite the trade unions to resume talks about this.