Galliford Try

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering
350 jobs
Number of planned job losses
Job loss
Announcement Date
30 April 2019
Employment effect (start)
Foreseen end date

Description

The civil engineering company Galliford Try has announced plans to dismiss around 350 employees. The company which is involved in major infrastructure projects had issued a statement earlier in April 2019 warning that profits were expected to be around GBP 30-40 million lower than the previously projected GBP 156 million. It is understood that the majority of the job cuts will take place in Scotland, though the restructure affects jobs across the UK in the investments and construction divisions. It is not known when the job cuts are expected to take place, though the statutory period of consultation is reportedly underway.

Sources

Citation

Eurofound (2019), Galliford Try, Internal restructuring in United Kingdom, factsheet number 97714, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97714.