SES has announced plans to restructure its operations and will consolidate part of its European regional structure into the company’s global headquarters in Betzdorf, Luxembourg.
Around 220 employees will be affected with the changes impacting between 10% and 15% of its global employee base.
There will be voluntary phased retirement package, while other staff will be asked relocate or work remotely, will be retrained or reassigned elsewhere in the company. A number of redundancies are possible, though the company says it wants to avoid these where possible.
Offices in Brussels, Central London, the Isle of Man, Warsaw and Zurich will go with the responsibilities being redistributed to other locations in Kiev, Stockholm, Stockley Park in London and The Hague as well as its headquarters in Luxembourg.
The move is part of the “Simplify & Amplify”, which SES hopes to position itself for the future.
“In this rapidly evolving market, it is important that SES remains an agile business partner for our customers,” said Steve Collar, CEO of SES. “Simplify & Amplify is a transformational undertaking that will streamline our business, drive collaboration, and improve efficiency. We are making these changes thoughtfully, ensuring that, wherever possible, we redeploy our talent within the company and minimise the impact to our global workforce while enhancing our ability to support and serve our global customer base.”
Many of the job losses will be in Luxembourg and the company is currently discussing the implementation of a social plan for those impacted.
The video division continues to pull on the 35-year old company, recently missing forecasts of € 1,225 to € 1,255 million with revenues of € 1,208 million.
