Galliford Try announces restructuring plan
The parent company of Morrison Construction plans to shut down part of its business in a restructuring, with Scotland bearing the brunt of 350 likely job losses.
Galliford Try said it was taking the “regrettable but unavoidable step” after suffering hefty losses on two mammoth projects north of the border, the £1 billion-plus Aberdeen Western Peripheral Route and £1.35 billion Queensferry Crossing.
A spokeswoman for the company said: “Galliford Try has been undertaking a review of its construction and investments business with a view to reshaping its operations to become more efficient and increase profitability.
“We have started to consult with those individuals potentially impacted by our proposals and are doing all that we can to support them during this difficult time.
“The major part of the proposed reorganisation will potentially see the infrastructure business unit in Scotland closed.
“We remain fully committed to our existing profitable building operations for Morrison Construction in Scotland.”
She added: “The proposed structure we are looking to put in place will provide us with robust foundations and leave us better suited to face the key markets where our future success lies.”