Beard to cut workforce by 12% with 35 jobs at risk

Grant Prior 2 years ago
Share

General contractor Beard is cutting staff numbers by 12% as workloads are expected to fall by up to 20% due to the Covid-19 pandemic.

Staff were told on Friday that up to 35 roles are at risk.

Beard said that number could fall as the company “is putting all of its efforts into work winning and, as the business secures more projects, the number of redundancies may well be reduced.”

Chairman Mark Beard is also the current Chartered Institute of Building president.

He said: “This is the sort of decision nobody wants to have to make. Every member of the Beard team is highly valued and it is not easy knowing that some of those people will be leaving us.

“Everyone across the business has worked extremely hard to reduce costs and increase efficiencies to avoid the need for redundancies.

“With the firm currently operating at reduced capacity, the board has come to the reluctant conclusion that this further step is now necessary.

“Although revenues look set to fall, we have been able to keep the number of redundancies down to around 12% and we may yet be able to reduce this further through work winning.

“While we recognise that it is a difficult time for our colleagues who will be leaving us, we will do everything we can to ensure they are well looked after and to help them find new roles as quickly as possible.

“This action is being taken to preserve the long-term sustainability of the business and ensure Beard is fit for the future.

“This is designed not only so that we can give assurance to existing and prospective customers, but also to protect the jobs of as many people as possible for the long term, both in Beard and across our supply chain.”

Beard maintained operations on 90% of its sites during lockdown and has now brought all of its sites back into operation.

Latest news

Materials giant CRH looks to sell contractor Farrans

More than 550 staff set to get new owner
1 day ago

West Yorkshire transport projects delayed to save £270m

Over 30 transport schemes to be placed on hold due to cost inflation budget pressure
18 hours ago

Decision on A1 Costain dualling job delayed for third time

Development consent decision for £260m Northumberland scheme put back a further 9 months
19 hours ago

Colas wins £140m Cheshire highways upkeep deal

Incumbent contractor Ringway will handover to Colas in April
19 hours ago

Skanska to lend staff cash

Contractor links-up with finance firm to offer affordable loans to employees
19 hours ago

Ilke Homes pulls off £100m record-breaking fund raise

Largest-ever capital raise by a UK modular house builder to fund expansion
2 days ago

Construction buyers fear for year ahead

"Construction companies now have a tightrope to walk in terms of being ready for recovery and cautious around investment"
2 days ago

Gove calls for competition probe into house building

Levelling Up and Regeneration Bill 'strengthened' with new measures
2 days ago

Schools get £500m for energy upgrades this winter

Extra cash found for better heating controls, insulation and energy efficient lighting
2 days ago

1,000-home North London scheme approved

Developer Hill will start work in the Spring on South Tottenham site
2 days ago

Bid race for £500m Suffolk construction framework

Construction and building services firms called up for East of England four year deal
2 days ago

Mace employs robot dog to avoid slip and trips in tunnel

Robot working in dark and hazardous conditions under Heathrow Airport
2 days ago

Administrator details confirmed at Southampton M&E firm

Begbies Traynor now in charge at Working Environments as suppliers face large losses
2 days ago

Former Galliard chief takes helm at Inland Homes

New CEO Don O'Sullivan sets out to return south east house builder to profitability
2 days ago

Applicant numbers nosedive for construction vacancies

Recruitment market gets even more competitive - how the Enquirer can help
3 days ago

Industry veteran to head Henry Bros northern arm

Peter Commins, former Kier and Balfour Beatty northern chief, to spearhead growth drive
2 days ago

Housing association shuts in-house modular factories

Swan closes loss-making steel frame and cross-laminate timber factories
3 days ago

350-homes approved around iconic London Tube station

Housing blocks to be built around Grade II-listed Hounslow West Tube station
3 days ago

Domis set for £195m Boddingtons Brewery scheme

Developer Salboy buys Manchester site to kickstart long-awaited 556 homes project
3 days ago

John Lewis £500m funding deal to build 1,000 rental homes

Deal to advance BTR flats at store sites in Bromley, West Ealing and Reading
3 days ago

Esh launches new housing retrofit division

Esh Retrofit Solutions will target market to improve the energy performance of social rented homes
3 days ago

Eric Wright wins tricky £52m Liverpool transformation

Contractor working with engineers at Ridge and Partners on "challenging" Stanley Lock Flight site
5 days ago

Investment giant buys Bristol M&E contractor

RDCP Infrastructure acquires Avon Combined Electrical Services
6 days ago

Demolition start for £50m Farnworth town centre rebuild

Caddick Construction is tipped for main works due to start in the spring
6 days ago

L&G Modular strikes deal to build 1,000 affordable homes

Modular homes business teams up with Hampshire's Vivid housing association
6 days ago

Former Erith operations director joins John F Hunt

Scott Exell named new operations director at demolition specialist John F Hunt
6 days ago

Green light for £135m Leeds twin tower resi scheme

Construction to start in New Year on 500 build-to-rent apartments
6 days ago

Mace hits 1m tonnes carbon saving target for clients

Present work pipeline betters 2026 carbon emission saving target
6 days ago

Plans in for £40m surf park at former Kent colliery

Seahive surf lagoon and health resort will be built near Deal
7 days ago

Crushed demolition worker vows to return to industry

Shannon Brasier hoping to return to construction following horror accident
7 days ago

Contractor services