Laing O’Rourke staff have today been told that the contractor is making a “significant” amount of redundancies.
An email was sent out to staff from head office this morning confirming the job cuts.
Chairman and chief executive told staff in the email that the cuts were necessary to establish a more sustainable cost base coming out of the recession.
He said: “These proposals are a critical step in future-proofing our business, as contract pricing has become the most influential factor in many clients’ decision-making process - we need to ensure we have a tight rein on controllable costs to compete effectively in winning work.”
Hundreds of jobs are at risk in the firm’s European business, but the firm’s other two hubs in the Middle East and Australiasia are unaffected by the announcement.
Laing O’Rourke’s global workforce totals 23,205 according to its most recent accounts.
More details to follow.
Is your job at risk? Contact CN here