Laing O’Rourke to return staff to full pay

Aaron Morby 3 years ago
Share

Private contractor Laing O’Rourke is restoring all staff to full pay from August.

Ray O'Rourke says project teams maintained high levels of activity during the crisis averting the feared worst case scenario
Ray O'Rourke says project teams maintained high levels of activity during the crisis averting the feared worst case scenario

Chief executive Ray O’Rourke announced he was ending special measures because the business was returning to full productivity earlier than first expected at the height of the coronavirus crisis.

Around 900 staff will also be brought off furlough next month as projects pick up pace.

Salaries of 8,000 UK staff were cut at the start of April in a ‘war effort’ to combat the impact of lockdown and social distancing.

Cuts were banded with lower pay grades’ salaries cut by 20% and senior management and board directors taking a 30% reduction.

O’Rourke said: “With the business on track to return to full productivity in July, I am delighted to confirm we will return our people to full pay and benefits from 1 August.

“We took difficult decisions in March as we sought to build the business’ resilience and prepare for the worst case scenario.

“This has not materialised, partly because of the strong support the sector has received from Government, but also because of the fantastic response of our people to the crisis.

“Our project teams have maintained high levels of activity during the crisis and our leaders have maximised cash flow and supplier engagement.

“Their skill, dedication and selfless contribution has impressed me daily, and I thank them for their continued support as we accelerate our recovery.”

Latest news

RSK snaps up muckshifting and civils firm RJT Excavations

£30m turnover civils specialist employs around 125 staff
12 hours ago

Willmott Dixon replaces Buckingham on Swansea job

Firm will pick up the pieces to finish off largely complete £135m job
14 hours ago

M&E specialist Michael J Lonsdale goes under

£250m revenue London specialist placed into administration
1 day ago

Another part of Real group heading for administration

Real SW staff given bad news as first contract already novated to Rydon
22 hours ago

HSE to prosecute Falcon after triple crane death

Court proceedings to start this month following tragedy in 2017
1 day ago

Retention records added to stricter payment reporting laws

Disputed value of invoices to be bolted into prompt payment reporting
21 hours ago

Esh Group counts on record orders after resilient year

Order book swells to £600m raising hopes for year ahead
22 hours ago

Costain transportation MD exits

Sue Kershaw resigns after nearly four years heading highways, rail and aviation division
22 hours ago

Materials giant Heidelberg drops Hanson brand

Hanson UK renamed Heidelberg Materials
22 hours ago
Heidelberg Materials

Clegg Construction sinks £3m into the red

Clegg Group lifted by specialist food project arm after tough year in general building
2 days ago

£350m Birmingham triple tower scheme approved

Vast curving Ringway Centre to be demolished for 1,750 flats development
2 days ago

Eight face fight to renew £400m North West framework

Bidding starts for places on NWCH's £1m-£4m project framework
2 days ago

Midgard lands £245m Tottenham Hale towers

Three towers of up to 38 storeys complete north London regeneration scheme
2 days ago

Designs chosen for mini nuclear reactors

First contracts for next generation of nuclear power to be awarded next summer
2 days ago

Go-ahead for Wates £35m Hartlepool leisure centre job

Work on the Highlight waterfront centre to start in November
2 days ago

Buckingham Group supply chain hit for over £108m

Over 1,200 firms left in the lurch, while bond providers brace for £86m payout
5 days ago

Bidders day for £4bn-plus Palace of Westminster restoration

Tendering to start next July for main construction, integrator and design partners
5 days ago

Green light for 690-home Birmingham Smithfield scheme

Prosperity Group plans to start work in Autumn next year on major Smithfield scheme
5 days ago

Go-ahead for 289 homes next to Saltaire World Heritage site

Ambitious plan to demolish a vacant Bradford office complex for new residential quarter
5 days ago

Costain wins phase 2 of A40 Westway viaduct repairs

TfL re-signs Costain for Wood Lane to Marylebone Flyovers repairs
5 days ago

Regeneration specialist Muse gets new MD

North west chief Phil Mayall promoted to run whole Muse business
5 days ago

Building engineering services workers accept 7% pay rise

Two-year deal includes a 3% hourly rate rise from October 2024.
6 days ago

Inland Homes files for administration

Questions remain over house builder's last two years of accounts
6 days ago

Council orders developer to tear down tower blocks

Comer Homes told to demolish occupied towers in Woolwich after planning row
7 days ago

Bouygues UK restructure sees CEO exit

Contractor restructures as Rob Bradley retires
7 days ago

Fit-out firm BW Workplace returns to profit

London and south east fit-out firm sees revenue rebound 50% to £216m
6 days ago

Tarmac fined £1.275m after quarry death

26-year-old Luke Branston died during maintenance work at Leicestershire quarry
6 days ago

Galliford Try targets multi-rise affordable housing

Firm fills new role of director of affordable homes
6 days ago

Barratt to demolish more homes with faulty foundations

Number of homes to be demolished on Cambridge estate rises from 36 to 83
7 days ago

Steel contractor William Hare edges back to break-even

Revenue slides a quarter to £165m as firm records £108,000 profit
7 days ago

Contractor services