The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.12 - Engineering activities and related technical consultancy
300 jobs Number of planned job losses
Announcement Date
16 June 2020
Employment effect (start)
15 June 2020
Foreseen end date
30 September 2020
Description
Keltbray, a company specialist in civil engineering, has announced plans to reduce the size of its UK workforce by 300 jobs as a result of the impact of the COVID-19 pandemic. The company has started the consultation process with its staff. The job losses will amount to around 15% of the current workforce of 2,000 people and will take place in back office roles and the Built Environment Division, which was hardest hit by the Coronavirus.
The company furloughed under the UK Government’s Coronavirus Job Retention Scheme around one-third of its staff when the UK lockdown hit. It also cut salaries of senior staff. The company has said that these measures were not efficient enough, so the company needed to restructure its workforce to cut operating costs.
Eurofound (2020), Keltbray, Internal restructuring in United Kingdom, factsheet number 101266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101266.
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