Kier takes axe to 1,200 jobs and pulls plug on host of businesses

By Dave Rogers2019-06-17T07:24:00

More than 600 staff to go at the end of the month

Kier is taking the axe to more than 5% of its workforce and selling its housing business with new chief executive Andrew Davies blaming the firm’s buying spree of recent years for making the business too diverse.

The results of the review of the business had been due to be announced at the end of next month but Kier, which has seen its share price shredded in recent weeks and more damaging headlines about its payment practices, said it had been “accelerated over the last month due in part to the ongoing speculation regarding the group’s financial position”.

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