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Further details on Skanska restructure released

08 March 2018

With a number of the large FM and construction companies undertaking processes to return to or improve profitability, Skanska has announced more details on its UK restructuring efforts.

After announcing that Skanska UK would merge with the new Europe business last year, the company has now stated that there will be two divisions operating in the UK.

One of these will include FM and construction, incorporating building services and mechanical and electrical work.

The second division will be focused on infrastructure works, with the move intended to deliver improved customer service in both areas, according to Global Construction Review.

It has previously announced that 3,000 jobs would be cut across its global divisions, after announcing a 66% reduction in operating profit earlier this year, and the latest announcement states that 100 jobs will go in the UK restructure operation.

Last year also saw the announcement of a £33m loss within the UK, attributed to just two projects, with additional issued announced in its Poland contracts.

The company has further stated that it will exit the energy sector in the US.

Skanska UK head of FM Adam McDonald, will take charge of services, with the new building division led by Steve Holbrook.

The company's infrastructure division will be led by Andrew English.

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