Soletanche Bachy Risk Report

⚖️ Legal & Regulatory

The legal and regulatory landscape for Soletanche Bachy includes involvement in several legal matters and concerns about compliance. There is a focus on both commercial and regulatory challenges that the company has faced in recent years. Thornton Grout Finnigan's involvement in a $9-million commercial case highlights significant legal actions impacting the company.

• Thornton Grout Finnigan appeared in a $9-million commercial case 🗓 August 19, 2024.
• A commercial court granted an anti-suit injunction regarding a foreign constitutional challenge 🗓 March 1, 2019.
• Dura agreed to pay a fine for its role in collusion, showcasing regulatory penalties in the industry 🗓 November 19, 2015.

👥 Labor & Workforce

Soletanche Bachy has dealt with significant labor and workforce challenges, including changes in workforce size and management roles, over several years. The company has navigated layoffs and management appointments to stabilize operations. Notably, a 15% cut in workforce marks a significant reduction within its operations.

• Bachy to cut 15% of its workforce 🗓 July 9, 2009.
• Soletanche Freyssinet made senior appointments, impacting organizational leadership 🗓 January 21, 2016.

🏗️ Operational & Business Continuity

Operational challenges have been present for Soletanche Bachy, with incidents affecting construction and geotechnical operations. Despite difficulties, the company continuously restructures to ensure business continuity and performance. A notable event involves the tremie pipe incident, which posed significant operational risks.

• Tremie pipe incident presented challenges for geotechnical contractors at Silvertown 🗓 April 30, 2024.

📜 Innovation & R&D

In terms of innovation and R&D, Soletanche Bachy has committed to transforming its operational practices. The use of technology in site management underscores a modern approach to construction safety and efficiency. Utilizing SimplyVideo for site safety management demonstrates innovative strides.

• Soletanche Bachy transformed construction site safety management with SimplyVideo 🗓 November 4, 2021.

🏅 Awards & Recognition

Soletanche Bachy has achieved recognition in its industry despite operational and legal challenges. These accolades reflect its commitment to industry leadership and operational excellence. The company was notably identified as a Ground Engineering Specialist finalist in 2018.

• Ground Engineering Specialist of the Year finalist 🗓 February 7, 2018.
• Recognized as Contractor of the Year, showcasing its standing in the construction industry 🗓 February 21, 2018.