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Bouygues Immobilier, a subsidiary of the Bouygues group, is facing financial difficulties and has announced plans to eliminate 225 positions through a social plan. The company stated that it needs to adapt to the changes in its market, order book, and portfolio of operations to prepare for the future in a rapidly changing world.

As other major developers in the real estate sector, such as Nexity and Vinci Immobilier, have also announced social plans due to rising construction costs and a decrease in demand, Bouygues Immobilier reported a net loss of 7 million euros in 2023 and a decrease in income compared to the previous financial year.

The job protection plan at Bouygues Immobilier will undergo negotiations with employee representatives in the coming weeks, with a focus on voluntary measures and internal reclassification for affected employees. The company aims to address the challenges of tomorrow’s real estate market through a more agile and efficient organization.

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