Balfour Beatty plc. has announced that it will be making job cuts. The construction industry has been hard in the last few years and Balfour Beatty is forced to cut staff to reduce costs.
Balfour Beatty is a vital consurtction firm in the UK, and ranked 15th largestglobally. It is listed on the FTSE 250 Index.
Balfour Beatty employs around 50,000 people globally and 12,000 staff in the UK. At present we do not know how many UK jobs are under threat.
They have built some of the biggest constructions in the UK in recent years, including:
- The Kielder Dam, Northumberland, 1982
- The Docklands Light Railway in London, 1985
- Large parts of the M25 motorway around London, 1986
- The Channel Tunnel, 1994
- The Lesotho Highlands Water Project, 2002
- Nam Cheong Station, Hong Kong, 2003
- The Pergau Dam hydroelectric project in Malaysia, 2003
- The M6 Toll, 2003
- University College London Hospital, 2005
- Igor I. Sikorsky Memorial Bridge, Connecticut, USA, 2006
- Burj Mall, Dubai, 2008
- The King’s Cross St. Pancras tube station Northern Ticket Hall completed in 2009
- The East London Line, completed in 2010
- The A3 Hindhead Tunnel completed in 2011
- The London Aquatics Centre due to complete in 2011
- The M25 motorway widening J16 to 23 and J27 to 30, due to complete in 2012
- The Blackfriars station and Bridge Construction Works due to complete in 2012
- The new main facility for Parkland Memorial Hospital in Dallas, Texas due to complete in 2014
- Crossrail Liverpool Street station and Whitechapel station due to complete in 2018
They have issued a Press Release today: Balfour Beatty in for the long run – which talks about their continuing plans to support youth sports in the UK.