Laing O’Rourke has warned staff of potential redundancies at its Centre of Excellence for Modern Construction, with 60 jobs at risk
“Challenging market conditions” have been cited for potential redundancies at Laing O’Rourke, as the firm told staff at the Nottinghamshire site on 24 January.
Currently, the site employs 355 people, but a new proposal could reduce that number by 60.
Laing O’Rourke released a statement on the news:
“Yesterday, we informed members of our workforce at our Centre of Excellence for Modern Construction (CEMC) in Nottinghamshire of a proposal that could reduce the number of roles at the facility by up to 60.
“Due to challenging market conditions, we have seen delays to some of the projects CEMC was set to service.
“Therefore, we need to reduce our operating costs, while continuing to deliver projects and protect our ability to invest in the technology and innovations that will transform construction.
“We know that any proposal to reduce roles creates a difficult time, we will work with our people and continue to support them through this process.”
Possible redundancies at Laing O’Rourke follow a difficult year
After pre-tax profits of £2.7m in 2022, Laing O’Rourke posted a £288.1m loss in 2023, citing “extremely challenging market conditions.”
In the company’s annual report, chief executive Ray O’Rourke commented that “during my long career, I cannot recall such a sharp surge in costs.”
