Bam Construction, a UK subsidiary of Royal Bam Group, faces a £20m loss and potential job cuts due to delayed Co-op Live arena project in Manchester.
Bam Construction, a UK subsidiary of Royal Bam Group, faces £20m loss due to delayed Co-op Live arena project in Manchester. The financial setback has led to a consultation process that may involve job cuts. Bam has set aside £3.5m for potential redundancies. The construction market remains challenging in the UK, and CEO Ruud Joosten emphasizes the need for flexibility and adaptation to current market conditions.
July 25, 2024
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