REGIONAL directors at Gleeson will outline restructuring plans that will decide the fate of nearly 800 staff in the construction division before Christmas.
Group managing director Andrew Muncey met with the local bosses last week to discuss the rejig, which will see two regional offices closed and the northern and southern operations merged into one business called Gleeson Building.
A company spokeswoman said: 'We will be able to release the details in two or three weeks.We want to get this right and the meeting last week was very successful.
'The regional guys are now going away to put together their strategies and they will be liaising with staff.'
Gleeson has informed the City that restructuring will cost £5 million.The move has been prompted by last year's poor performance at the construction arm, where operating profits in the year to June 2004 fell from £4.6 million to £1.5 million.