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Welsh construction firm reports £95M loss, plans workforce restructuring amid industry woes.
Welsh construction firm Alun Griffiths reported a £95 million pre-tax loss in 2023, worse than the previous year, due to large fixed-price contract losses, weather delays, and supply chain issues.
The firm plans to restructure its workforce as part of addressing its financial challenges.
Separately, an Essex M&E firm has entered administration amid broader construction industry difficulties.
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La empresa de construcción galesa reporta una pérdida de 95 millones de libras, planea la reestructuración de la mano de obra en medio de problemas de la industria.