Jobs will go in Tarmac shake-up
Wednesday 23 September 1998
The company blamed a fall in orders in the UK and overseas for a radical shake-up of its engineering business which will lead to dozens of redundancies.
Tarmac is to merge its civil engineering and international units, with the closure of the international division's head office in Kent. The businesses, which employ 7,800 people worldwide, will be run from the Wolverhampton headquarters of the civil engineering division. Although most job losses are expected from administrative staff, some plant workers were also set to lose their jobs, said sources close to the company.
Sir Neville Simms, group chief executive, did not specify the number of redundancies but said the merger would "inevitably lead to job losses". He said the restructuring would yield cost savings of up to pounds 5m a year and would help the company weather the downturn.
Sir Neville said UK orders had fallen largely as a result of the Government's decision to slash road building.
The company reported a 29 per cent rise in interim pre-tax profits to pounds 49.7m on turnover up 5 per cent to pounds 1.51bn.
Investment column, page 23
- 1 What happens to your body when you give up sugar?
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
- 4 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 5 Why you're almost certainly more like your father than your mother
Mark Zuckerberg: Facebook CEO's one simple test for who to hire
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Saudi Arabia executions now at 'unprecedented rate' after kingdom kills four more in two days
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...