Balfour Beatty to close three UK offices and cut jobs

 
Suzie Neuwirth

BALFOUR Beatty today announced that it will shut down its businesses in Dartford, Rochdale and Doncaster, as they are no longer sustainable.

The FTSE 250-listed firm – which has issued two profit warnings this year - said that the closures would result in a number of job losses, although it was not revealed how many.

The Dartford office was closed due to “insufficient construction activity and a disproportionately high cost base”.

The closures come after an internal review into the viability of the infrastructure group’s regional businesses.

The three offices collectively account for eight per cent of the firm’s UK business and generated £1.5bn of revenue in 2012.

Balfour Beatty also announced that Nick Pollard has been appointed as the new chief executive of its UK construction business. He has previously worked at Navigant Consulting and Network Rail.

The company said that Pollard’s appointment is one element of the plan to drive stronger profitability in the UK construction business. Other parts of the plan include operational excellence, customer focus and addressing the issues in the regional business.

Pollard commented: “Balfour Beatty is a great company and a strong brand. I am looking forward to the opportunities and challenges that trading successfully through tough market conditions always brings to construction companies. It will be a privilege to lead that team and help it build a better and stronger business.”