{"id":140923,"date":"2024-06-26T11:23:48","date_gmt":"2024-06-26T10:23:48","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=140923"},"modified":"2024-06-26T11:23:48","modified_gmt":"2024-06-26T10:23:48","slug":"40-jobs-at-risk-another-round-redundancies-bam","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/40-jobs-at-risk-another-round-redundancies-bam\/140923\/","title":{"rendered":"40 jobs at risk in another round of redundancies at BAM"},"content":{"rendered":"

The contractor has confirmed that redundancies are in consultation at BAM’s London and Northern teams- the second round in a year<\/h2>\n

Another round of redundancies have been confirmed at BAM’s construction division.<\/p>\n

Up to 40 jobs are at risk in the London and Northern teams, following job losses in the London and Western regions earlier this year.<\/p>\n

One of the UK’s largest contractors, BAM’s construction arm reported a loss<\/a> of around \u00a312.5m before tax in February of this year.<\/p>\n

\u201cLike all businesses we need to be flexible and adapt to current market conditions.”<\/h3>\n

A BAM spokesperson said: \u201cWithin the construction sector the market has been particularly challenging over the past couple of years. As a result of this we have started a consultation process about reducing staff numbers within the construction segment of BAM UK and Ireland Division.<\/p>\n

\u201cThis is not a decision we have taken lightly but these proposed changes will support us in further embedding our regional and divisional structures which have been implemented over recent years.\u201d<\/p>\n

The news follows a difficult 12 months for BAM<\/h3>\n

Chief executive of parent company Royal BAM, Ruud Joosten, blamed the decision on \u201csupply chain issues and cost overruns at a large project\u201d.<\/p>\n

Whilst not specified as the large project in question, BAM faced serious criticism after the multiple delayed openings<\/a> of the \u00a3365m Co-op Live Arena in Manchester earlier this year, due to incomplete works, with project costs going \u00a385m over budget.<\/p>\n

The company also restructured the number of construction operating regions<\/a> from seven to five in 2023.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The contractor has confirmed that redundancies are in consultation at BAM’s London and Northern teams- the second round in a year. <\/p>\n","protected":false},"author":25,"featured_media":140937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[285],"tags":[882],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-140923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hr-skills-news","8":"tag-employment"},"acf":[],"yoast_head":"\n40 jobs at risk in another round of redundancies at BAM | Planning, Building & Construction Today<\/title>\n<meta name=\"description\" content=\"The contractor has confirmed that redundancies are in consultation at BAM's 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