Jobs at Risk as JFD Begins Restructuring Process
Giovanni CorbettaJFD has decided to undergo a restructuring process which includes an internal reorganization with, as the company says, unavoidable impact on a number of functions.
JFD, which comprises LEXMAR, JF Defence, Divex and the National Hyperbaric Centre and Defence Consulting Europe, said that the announcement comes following the company’s engagement with Brooks International consulting firm aimed at improving efficiencies during the oil and gas downturn.
Giovanni Corbetta, managing director, said: “JFD has enjoyed an intense period of growth and success that has inevitably leaded to the need to consolidate and rationalize. Furthermore, the market has yet to stabilize and it is clear that our customer requirements are significantly different to what they were 12 to 18 months ago.
“It is regrettable that we have to lose colleagues from our business however this is a painful step required to maintain our business healthy.”
