Job cuts to fall in back office and regional offices
Laing O鈥橰ourke has announced it is planning to cut around 200 UK jobs.
The firm - which posted a 拢58m pre-tax loss in its last set of results to March 2015 - said in a statement issued this morning that it had begun consulting with UK-based employees over redundancies.
The job losses will be focussed in its 鈥渟upport functions and a streamlining of its regional office networks鈥�, the firm said. It will make 鈥渃irca 200 redundancies鈥�.
Laing O鈥橰ourke said the consultation was part of a restructure to 鈥渆stablish a more competitive business structure across its UK operation, ensuring its project delivery teams are supported by a leaner and more operationally-focused functional overhead.鈥�
The firm, led by chief executive and founder Ray O鈥橰ourke (pictured), added: 鈥淭he proposal will allow the organisation to increase its focus on winning and delivering the 拢9.2 billion of major projects and strategic frameworks currently on its order book.
鈥淭here will be no impact on client service levels as we continue to deliver world-class projects on their behalf.鈥�
Laing O鈥橰ourke is currently selling its 拢1.5bn turnover Australian business, with European contractors Ferrovial and Bouygues reported to be among the potential buyers.
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