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Gloom for UK construction as Hanson plans to cut capacity by 10pct

Posted on 05 October 2012

Job losses are set to be announced by a leading building products firm in response to the “dreadful” UK construction market. Britain’s construction sector is faring even worse than feared, was the message from industry as two more firms reacted to the dire market with action threatening hundreds of jobs.
Building products supplier Hanson said it is planning to cut its capacity by 10pc as sales prove worse than anticipated. The move emerged as rival building material group Burdens embarked on a strategic review of its business in response to the poor market. Bristol-based Burdens, owned by a charitable trust and its employees, said it was looking at selling part of the company and that a bidding process was under way………………………………………..Full Article: Source


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