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
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
New era of cheap oil 'will destroy green revolution'
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
iJobs Money & Business
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...
$125 - $175 per annum: Carlton Senior Appointments: Senior Wealth Manager In...
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...