INFRASTRUCTURE firm Balfour Beatty yesterday announced that it would close three UK regional businesses, as it hires a new head for its struggling UK construction arm.
The closures are part of an internal review of the business and will result in a number of job losses, although the FTSE 250-listed company did not reveal how many. The combination of a weak construction sector, a lack of major infrastructure projects and poor performance mean the group is expecting a 20 per cent fall in UK construction revenues in 2013.
The Dartford, Rochdale and Doncaster units will be closed. They collectively account for around eight per cent of the UK regional businesses, which made £1.5bn in revenues last year. The firm also said it is addressing operational issues in the South West.
Nick Pollard, who has held senior roles at Network Rail, will run the UK construction unit from 17 June.