Construction giant taken on to deliver HS2 to axe 1,200 jobs
The construction giant taken on to deliver the long-awaited HS2 rail link has announced it is to axe 1,200 jobs and save £55m a year.
Kier Group, one of the largest building firms in the UK, has been struggling with debt in recent months.
The struggling firm, whose shares have slumped by a third, has also announced it is to sell its housebuilding division.
Kier, who employs almost 20,000 workers, said it expected around 650 will have left the business by the end of this month with a further 550 roles going in the next financ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...