Britain’s biggest geotechnical contractor Roger Bullivant has announced that up to 95 more jobs are to be lost and all staff are to be asked to take a 10% pay cut after reassessing the poor state of the housebuilding market.
In a statement to all employees, the company said that following a detailed analysis of the current and predicted house-building marketplace, upon which it is particularly reliant, it has become clear that the firm has to enact further significant cost savings.
It said that external market predicitions regarding the building of homes in the private and public sector have not proved accurate and further delays to live projects in which the company is involved are also expected. It added that the commercial and industrial sectors which have collapsed in recent months are also showing no signs of immediate improvement.
Roger Bullivant M
D Rob Brown said the company was “absolutely committed” to its survival, and state of the market was a serious trading situation to which the company has to respond.
As a result the total workforce has been asked to take a 10% pay cut and it has been announced that up to 95 more jobs will go at the company’s head office at Drakelow and other factories nationwide.
The company, which last year employed 1,172 people across the UK, has already made around 180 redundant in two phases in the last quarter of last year.
Directors have already taken a 15% pay cut.
“The company has to deal with this situation in the best interests of the majority of its workforce,” said Brown. “Sacrificies will have to be made by all employees but only where there is clear evidence that the measure will have a direct impact on the survival of the business.”