Balfour Beatty to close six Scottish offices

/, Construction, Glasgow, National, Property News/Balfour Beatty to close six Scottish offices

Balfour Beatty to close six Scottish offices

Balfour Beatty, the international construction group, is to close six Scotland based offices and creating a single base at the Maxim Business Park at Eurocentral, just off the M8 as a cost cutting exercise.

The company's Scottish projects currently includes the Aberdeen city bypass and the Dundee Waterfront project.

A Balfour Beatty spokesperson said: “As part of its Build to Last transformation programme, Balfour Beatty is consolidating seven of its existing offices in Scotland in to one modern, state-of-the-art office located within the Maxim Business Park at Eurocentral between Edinburgh and Glasgow.

“This move will greatly enhance the collaborative offering across the Scottish markets by bringing together a number of business units and enabling functions in to one location and will also significantly reduce the cost of our Scottish office footprint.”

“The office reduction is part of the group’s ‘Build to Last’ transformation programme launched by chief executive Leo Quinn two years ago in an effort to return the business to profit. At the time Quinn said the business had become too complex after a series of takeovers.

“The company made a £199 million loss in 2015 but returned to profit last year and announcing full-year results in March Quinn said “the transformation of Balfour Beatty is well underway”.

By |2017-05-25T13:43:42+00:00May 26th, 2017|Business News, Construction, Glasgow, National, Property News|Comments Off on Balfour Beatty to close six Scottish offices

About the Author: