Kier Group axes 1,200 jobs as the troubled construction firm needs to save £55m

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CONSTRUCTION firm Kier has announced that it will cut 1,200 jobs to help save the struggling firm £55million a year. The company will sell its homebuilding business, Kier Living, as well as close d…

9:17

But this is after a £28 million a year cost for the restructuring the firm in both this year and next. Kier also felt that its portfolio is "too diverse" and hoped to refocus on regional building, infrastructure, utilities and highways in the future.

Source: News Formal (newsformal.com)

 

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