Project manager for 2012 Olympic Games to axe jobs

Project manager for 2012 Olympic Games to axe jobs

Construction giant Laing O’Rourke, the company which is running the building project for the London 2012 Olympic Games, has announced it is to reduce its headcount.

In an email to staff, the company said: “With your help, the suggested changes will create a more efficient and effective organisational structure with the appropriate levels of professional resource necessary to achieve our current and medium-term business priorities.”

“This will also deliver a substantial reduction in our annual operating costs, improving our competitiveness and business performance.”

The firm, which is based in Dartford, Kent, has a UK workforce of more than 11,000.

According to a report in The Times, the job losses could amount to 650, while The Sun has reported that between 500 and 1,000 jobs will go.

Laing O’Rourkea��s boss, Ray O’Rourke, believes that the construction industrya��s a�?most challenging period is still aheada�?.

The construction sector has been hit hard during the economic downturn with many construction firms axing a significant amount of jobs.

Laing O’Rourke was successful in 2006 in achieving the A?100 million Olympics contract. The firm is also behind the Channel Tunnel rail link, the Liverpool One shopping centre and Heathrow’s Terminal 5.

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