Balfour Beatty is to close seven of its offices across Scotland as part of a cost-cutting move.
The contracting giant, which is in the middle of a turnaround programme under chief executive Leo Quinn, is relocating its resources to a single base at Maxim Business Park between Edinburgh and Glasgow.
Four of the offices – in Deanhouse, Linlithgow, Lumina and Westpoint – are due to close next week as staff move to the new location. The other three sites – in Cumbernauld, Huntly Road and Shotts – will close in phases over the coming months.
A total of 471 staff will come together under one roof at the new location, including IT, Balfour Beatty Kilpatrick and transmission and distribution employees.
The closures will not result in any redundancies, a Balfour Beatty spokeswoman told Construction News.
In a statement, the firm said: “This move will greatly enhance the collaborative offering across the Scottish markets by bringing together a number of business units and enabling functions into one location, and will also significantly reduce the cost of our Scottish office footprint.”
The shake-up in Scotland is part of Balfour’s Build to Last programme, launched by Mr Quinn shortly after he took the reins in early 2015. The initiative has already seen cost cuts totalling £100m, helping Balfour return to a full-year profit following two years of losses.
At Balfour Beatty’s AGM last week, almost a quarter of the firm’s shareholders voted against its directors’ remuneration policy, which included increasing Mr Quinn’s bonus to 150 per cent of his salary, up from 120 per cent a year earlier.
Construction News also revealed that the group’s regional director for the South of England is quitting after 10 years with the firm.