Skanska has announced plans to cut 3,000 jobs across the group in a move to improve falling profitability. It employs 41,000 people in total and 5,900 in the UK. The firm has taken a £90m hit on its construction units to cover this restructuring and impairments. It expects a further charge of £54m this year as the restructuring takes place and savings of £90m per year from the 3,000 lay-offs. Announcing preliminary group financial results for last year, in which it said group operating profit for 2017 will fall from around £738m in 2016 to £477m, it said: "Skanska will reduce the size of unprofitable business units and increase focus on cost control and risk management.
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