JM announces potential lay-offs
In order to dimension the operations to the lower production volumes resulting from the deteriorating economy, JM has announced today a potential reduction in Group staffing by approximately 200 employees.The significant decrease in housing sales that we are seeing in the wake of the deteriorating economy is resulting in a lower rate of residential units sold. Because JM always bases its work on the strategy that there must be clear demand for planned housing projects, it is necessary to adapt JM’s operations to the market conditions that are expected to prevail for the foreseeable future.