Further details have emerged about the state of play at contractor Laing O’Rourke, with the company spending £23m restructuring its business operations last year, it has been revealed.
In a bid to drive greater productivity, the money was spent on a mix of redundancies, advice and refinancing costs, according to accounts filed for the year to 31 March 2016.
In early 2016, the company split its European business into three arms – engineering enterprise, asset businesses, and commercial – and set up a new leadership team in its European business as part of a major restructure.
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