Kier says 1,700 jobs have gone as annual losses stay north of £200m

By Dave Rogers2020-09-17T12:07:00

Debt goes up with housing sale expected in next 12 months

Getting rid of 500 more people than it said it would saw Kier rack up £150m of restructuring costs which helped keep the country’s second biggest contractor firmly in the red for the second successive year.

The firm had said it would be axing 1,200 roles by the end of June this year when then new chief executive Andrew Davies announced a strategic review last summer.

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