Multiplex is laying off staff as projects come to an end and the contractor continues its strategy of more selective bidding.
Multiplex walked away from the £750m Stage residential scheme in east London this summer after failing to agree a price with the client.
A number of major jobs are now coming to an end and Multiplex has started redundancy consultations with some office staff.
One recruitment consultant told the Enquirer: “We are seeing CVs coming in from Multiplex staff and I have seen letters and emails confirming redundancies.
“It seems that a number of projects are winding down and there aren’t as many similar schemes in the pipeline for people to be redeployed on.
“Luckily for them there’s a real shortage of white collar construction workers so it should be easy to get a job with another firm.”
Multiplex’s UK turnover hit a record £1bn last year but the revenue growth failed to drop to the bottom line as pre-tax profits slid from around £22m in 2015 to £19m last year.
A Multiplex spokesperson said there was no redundancy programme underway at the company.
from Construction Enquirer http://www.constructionenquirer.com/2017/10/17/multiplex-staff-let-go-as-sites-run-down/
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