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Skanska consults over redundancies

4 June 2018 | By Neil Gerrard

Image: Dreamstime.com

Skanska is preparing to make staff in its UK workforce redundant, as part of an ongoing restructuring of the business.

The firm has confirmed that it has entered a consultation with staff as it reorganises its building and building services operations.

It is not known how many staff are involved in the consultation.

The move is part of a second wave of consultations after the company made about 100 jobs redundant in March this year.

The reorganisation follows poor results in 2017. The UK operation revealed write-downs of £33m in July last year, two months after Skanska UK president and CEO Mike Putnam left the business and was replaced by Gregor Craig.

At the time, Craig said reversing the division's fortunes was its "highest priority".

The company confirmed the latest round of consultations. A spokesperson said: “Skanska has entered into a collective consultation process with its staff, following a strategic business review and its previously-announced intention to re-organise its building and building services operations."

Craig added: "We have taken this action so that we are in the best position to provide the service that our customers are asking for, as well as build on our robust order book, strong balance sheet and solid cash position, ensuring that we have a sustainable business that is fit for the future."

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