Personnel and organization
In the course of the year under review and in accordance with the Corporate Business Plan 2014-2016 preparations were undertaken for the new divisional structure. The broadening of our portfolio as a result of the SMIT, MNO Vervat, Dockwise and Fairmount acquisitions calls for a more focused management of our strategic activities. The dynamics in the different markets in which we now operate differ. In order to be able to respond to this effectively and professionally each division gets the operational support it needs to prepare and execute projects. This applies to expertise in areas such as design, tendering and engineering as well as to fleet management. Furthermore each division will be responsible for its own fleet, crew and operational pool.
At group level the corporate staff departments will continue to exist alongside the business support departments such as HR, ICT and Procurement & Logistics, which will provide their services across the divisions. The new organizational structure, effective from 1 January 2015, involves a large-scale internal relocation, with the Dredging & Inland Infra and Offshore Energy divisions each moving into their own premises at the campus in Papendrecht. Employee representation has been closely involved throughout in setting up the new organizational model and has issued a positive advice on the matter.
The integration of Dockwise in the Boskalis organization will be completed as soon as the Dockwise colleagues in the Netherlands have moved to the Boskalis Campus in Papendrecht in the first quarter of 2015. We compared the terms of employment at Dockwise and Boskalis and have taken steps to harmonize them following positive advice from the employee representation.
Our training portfolio is constantly being developed to ensure that it continues to meet the need for specific knowledge and expertise within the divisions. Strengthening our offshore profile is a major driving force in this regard. We keep investing in the development of specific competencies, such as in the areas of work preparation, estimating, risk and contract management and project management. We expand our knowledge and expertise by attracting experienced offshore professionals as well as by training up own staff in this field.
Offshore professionals program
In 2014 a group of young professionals enrolled in our modular Boskalis Offshore Professionals Program, developed in collaboration with an external training institute. The modules, which are based on actual cases, cover all the techniques needed for the preparation and execution of offshore projects. In addition a group of cost engineers are following a two-year post-graduate course in this field. During this apprenticeship they are given expert coaching by a senior mentor.
In 2014 we decided to join a larger, multi-sector pension fund and in doing so terminated the activities of the Boskalis Pension Fund. Our reasoning behind this was that is no longer practical for a fund the size of the Boskalis Pension Fund to hold an independent position in light of the changing Dutch pension legislation and pension fund supervision. Important aspects, which are part of our good terms of employment, such as the premium free career average pension plan and unconditional indexation, will not be affected by the move to the PGB (Pensioenfonds Grafische Bedrijven) pension fund.
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