Covid and job losses send T Clarke into the red

By Dave Rogers2020-07-21T07:05:00

M&E specialist says impact of pandemic helped cut turnover by nearly half in second quarter

Turnover in its London stronghold slumped more than 40% at T Clarke as the impact of covid-19 and a restructuring programme helped send the firm crashing into the red in the first half.

The M&E specialist, which is the first of the quoted contractors to report its interim results for the six months to June, said it has spent £3m completing a restructuring which has seen 80 jobs go at the business, around 6% of its 1,400-strong workforce.

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