Carillion has put 4,500 staff at risk of redundancy as a result of the cuts to Feed-in Tariffs for renewable energy announced by the government last month.
The company said in a statement that it had started a consultation with staff because of reduced demand for work caused by the policy shift. The number of people losing their jobs after the consultation process was likely much less that 4,500, a company spokeman said.
“Our solar business was growing strongly, but we expect the government’s plans for much larger and earlier than expected cuts to Feed-in Tariffs to reduce the size of the Solar PV market significantly,” the Carillion statement said. “In order to react to the effects of this on our business, we have launched a statutory 90-day consultation process with our people on how we can reshape our business.”