EMCC European Monitoring Centre on Change

Wates

Company/Organisation:
Wates

Geographic Location

Country: United Kingdom

Company

Sector: Construction
Construction
41.20 - Construction of residential and non-residential buildings
Number Employed: 3800
Group: Wates Group

Employment Effects

Announcement Date: 20-05-2020
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2020

Additional Information

Wates, the British construction, development and property services company has announced plans to cut 300 jobs, with most cuts affecting surveyor, planner and bidding roles in its Construction and Property Services divisions across the country. The company has also revealed that 200 agency workers had also been made redundant since the start of the coronavirus crisis, taking the total number of redundancies to 500.

A spokesperson for the company has said that downsizing was necessary to save costs, protect the company and adjust to the expected lower levels of business activity in the wake of the Covid-19 pandemic.

Wates is one of the leading privately-owned businesses in the UK construction and property development sector, which was founded over a hundred years ago. It has been the first company in the sector to announce large-scale redundancies prompted by the Covid-19 crisis.