Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

650 jobs
Number of planned job losses
Job loss
Announcement Date
25 May 2012
Employment effect (start)
Foreseen end date
31 January 2013

Description

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 May 2012: The Telegraph

Citation

Eurofound (2012), Balfour Beatty, Internal restructuring in United Kingdom, factsheet number 73654, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73654.