Transport jobs hit Vinci profit

By Dave Rogers2019-03-18T06:00:00

Source: Tom Campbell

Firm blames Crossrail and Nottingham tram deals for slump

Vinci said its Taylor Woodrow civil engineering arm racked up close to £14m in losses last year which helped cut pre-tax profit by more than a third last year.

The firm said the division posted a loss of £13.6m which it said related to closing out a scheme it signed in 2011 to extend the Nottingham tram, which has cost the company more than £150m, as well as a loss on a new Crossrail maintenance depot at Old Oak Common in north-west London.

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