Job losses are expected at regional offices and manufacturing and assembly facilities throughout the UK.
Elliott is considering the future of its Carnaby site in Bridlington, with a view to transferring operations to its Cannock location in the West Midlands.
The firm has gone into consultation with trade union and staff representatives and said it would consider all alternatives to the proposed closure put forward by the workforce.
A company spokesman said: “The business is in good shape and performing well. We have had some recent key wins in both the education and health sectors that have seen a significant year on year increase in our forward order book.
“However, the markets in which we operate remain challenging, and as such we need to continually adapt and change to the market conditions to ensure we remain competitive and better positioned for growth in the future.”
According to construction union UCATT, workers at the Bridlington factory were told the company needs to make £6m worth of savings nationally.
The union also said the factory is scheduled to shutdown in April.