EMCC European Monitoring Centre on Change

Balfour Beatty

Company/Organisation:
Balfour Beatty

Geographic Location

Country: United Kingdom

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 12000

Employment Effects

Announcement Date: 25-05-2012
Planned Job Reductions min: 650
Planned Job Reductions max: 650
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-01-2013

Additional Information

Construction company Balfour Beatty has announced that it is to restructure and cut 650 jobs. The company has said that it is hoping to make savings of up to £50m per year in back office costs. Whilst the company anticipated that two thirds of its workforce would remain unaffected it has notified all 12,000 staff that their roles may be redundant.

Sources:

29-05-2012The Telegraph

Sources Links:

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/9172398/Balfour-Beatty-tells-12000-staff-their-jobs-are-at-risk.html