TAYLOR WOODROW confirmed this week that it will shed more than 10% of its 2,300 construction staff this year.
About 250 jobs will be lost through redundancy and natural wastage when the civil engineering division is merged with UK Building to create Taylor Woodrow UK & Western Europe.
Group chief executive Keith Egerton said the job losses were a necessary part of the company's shift away from low margin, high risk construction work. Last year the construction division contributed only about £6M to the group's £100M pre-tax profits.
'I believe that when this process of refinement is completed later this year there will be a much brighter future within Taylor Woodrow for the construction division,' he said.
Eighty jobs will go when Birtley Engineering, the materials handling company owned by the construction division, is closed or sold. The construction division's Stafford office is also expected to close and relocate to Birmingham. Other cuts are likely at the main office in Southall and in Darlington.
Civils activity will focus on transport and utilities, while building and facilities management will concentrate on retail and industrial projects, stadia, hotels and apartments.