Multiplex staff let go as sites run down

Grant Prior 1 month ago
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Multiplex is laying off staff as projects come to an end and the contractor continues its strategy of more selective bidding.

Sites reaching completion include 73-89 Oxford Street

Multiplex walked away from the £750m Stage residential scheme in east London this summer after failing to agree a price with the client.

A number of major jobs are now coming to an end and Multiplex has started redundancy consultations with some office staff.

One recruitment consultant told the Enquirer: “We are seeing CVs coming in from Multiplex staff and we have seen letters and emails confirming redundancies.

“It seems that a number of projects are winding down and there aren’t as many similar schemes in the pipeline for people to be redeployed on.

“Luckily for them there’s a real shortage of white collar construction workers so it should be easy to get a job with another firm.”

A union source added: “We have seen letters to a number of Multiplex staff confirming plans to make them redundant.”

Multiplex’s UK turnover hit a record £1bn last year but the revenue growth failed to drop to the bottom line as pre-tax profits slid from around £22m in 2015 to £19m last year.

A Multiplex spokesperson said there was no redundancy programme underway at the company.

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