Multiplex staff let go as sites run down

Grant Prior 8 months ago
Share

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.

Latest news

Multiplex bags £400m New Scotland Yard redevelopment

Multiplex will to start six-tower Westminster Broadway scheme in January
4 hours ago

Balfour Beatty fined £500,000 for white finger exposure

Court hears how workers were exposed to hand-arm vibration for nine years
7 hours ago

McLaren lands new HQ for consultant Dar Group

John F Hunt to start demolition work in August to make way for new nine-storey scheme
12 hours ago

On-site training boost to ease skills shortages

New £22m Construction Skills Fund now open for applications
9 hours ago

Chandler promoted to Wates board

Wates MD, Paul Chandler, ushers in nearly £3bn of new business
10 hours ago

Legal firm moves into cost consultancy

Blake Morgan hires former Aecom director to head project management and cost consultancy
10 hours ago

Fire destroys Kier restoration of Glasgow School of Art

Second major blaze in four years reduces £35m of repair work to ashes
2 days ago

Race starts to build £20m Basildon cinema complex

Basildon town centre’s planned East Square cinema complex up for grabs
15 hours ago

One in four MPs now back retention reform

Aldous Bill second reading delayed to October
15 hours ago

Late payment delays hit 42 days for subcontractors

Firms waiting longer for money despite raft of initiatives to speed up payment
15 hours ago

Mace wins £90m Tunbridge Wells civic centre complex

Mace to agree final design and build price in April 2019 on theatre and civic offices
1 day ago

Caledonian wins £27m haul of MoD orders

Modular specialist ramps up production for MoD Lyneham and Worthy Down projects
15 hours ago

Forrest bags fifth X1 scheme at Chatham Docks

£58m Chatham Waters build to rent blocks get underway
16 hours ago

Mace slims down construction divisions

Former Carillion operations boss to head Mace major projects arm
4 days ago

Subcontractors write-off £2.8bn in bad debts every year

Average firm hit by £16,000 annually in unpaid bills
4 days ago

Pochin’s hires ex-Balfour boss to head construction arm

Jon Adams appointed managing director of Pochin Construction
4 days ago

Wates scoops £150m Birmingham office scheme

Work to start on phase one of Axis Square city centre scheme in February
4 days ago

Faulty tower scaffold led to fatal roof fall

Court hears how a catalogue of mistakes led to death plunge
4 days ago

UCL East starts race for £90m student blocks

Bidding starts for Queen Elizabeth Olympic Park student accommodation
4 days ago

Firefighters and sprinklers contain tower block blaze

Fire breaks out in London 20-storey block of flats on Grenfell anniversary
5 days ago

Heating engineer wins landmark workers rights battle

Pimlico Plumbers boss warns industry faces "tsunami" of self-employed claims
5 days ago

Network Rail ordered to spend an extra £1bn on renewals

Rail watchdog wants more spent replacing worn out rails and smoother spend over CP6
5 days ago

Site cleaners and chefs will no longer need skills cards

CSCS to phase out visitor cards for non construction staff
5 days ago

Costain moving to bigger construction technology centre

Contractor continues to ramp up investment in tech innovations
5 days ago

Green light for £150m Crawley mixed-use regeneration

Tenders due back this month for Crawley town centre rebuild
5 days ago

Wates on the hunt for South West subcontractors

Meet the Buyer event next month: Register now
5 days ago

Problem job sees Multiplex profit slump to £4.4m

Order book rises to £4.2bn on back of major tower projects
6 days ago

Boost your online presence – join the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
2 months ago

Interserve sees shareholder revolt over chief’s pay

More than 17% of shareholders vote against executive remuneration report
6 days ago

Gatwick ramps up five-year spend to £1.1bn

Total investment since airport changed hands rises to £3.14bn
6 days ago

Contractor services