MAJOR job losses in Scotland are feared after contractor Galliford Try admitted its Scottish infrastructure business unit could close.
The firm recently announced it was undertaking a review of its construction business and was anticipating profits being £30-40 million lower than expected this year, partly due to major losses incurred on the Queensferry Crossing joint venture and the Aberdeen Western Peripheral Route.
The review of the construction and investments business is intended to reshape operations to become more efficient and increase profitability.
A spokesperson for the firm said, “Today we have announced to our employees the proposals emanating from that review which will involve the proposed closure of parts of the division, with potentially some job losses involved. This is a regrettable but unavoidable step and we have started to consult with those individuals potentially impacted by our proposals and are doing all that we can to support them during this difficult time.
“The major part of the proposed reorganisation will potentially see the infrastructure business unit in Scotland be closed. It is a matter of record that for some time our business has sustained considerable losses on two major infrastructure projects within Scotland.
“We remain fully committed to our existing profitable building operations for Morrison Construction in Scotland, delivering much-needed public facilities together with our partners in the hub vehicles.
“As a business we are confident that the proposed structure we are looking to put in place will provide us with robust foundations and leave us better suited to face the key markets where our future success lies.”
