Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

John Sisk & Son consolidates business with 30 redundancies in the South

John Sisk & Son is consolidating its southern construction business due to “challenging market conditions”.

The contractor is in a consultation period with staff and expects to make around 30 redundancies in the South, it said.

A spokesman for the company said: “The Sisk UK South regional construction business is determined to remain competitive and meet the challenging market conditions this year with a strategically focused but reduced workload.

“It has therefore become necessary to consolidate this business and, unfortunately, the company envisage they may have to make approximately 30 redundancies in order to achieve this consolidation.”

In its latest accounts for the year to 31 December 2014, the company posted a 24 per cent increase in revenue to £343.8m.

However, the contractor had to pay £300,000 of tax on its £1.6m profit for the period, meaning its profit after tax fell to £1.3m from £2m the year before.

The firm also had to pay out exceptional costs of £121,391 for redundancy payments in 2014. 


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.