Taywood plans 250 staff cuts

Taylor Woodrow Construction's workforce is to be decimated in UK cuts which will see 250 jobs lost across the board over the next year.

The cuts were flagged up last week during its results. City analysts estimate the division losses ran to œ8 million but said these cuts would put the company back on course.

Job losses run from top to bottom with the board reduced from 13 down to seven. T Costelloe, Taywood's Hayes-based specialist subcontractor, will be run down and Taymech Engineering will also cease bidding for new work to concentrate on 'expanding its maintenance operation.

A Taywood spokesman said that the company could not give firm figures because 'a number of team members may be taken into other areas of the business. We will consider the situation as the year progresses.'

The loss of sales director Gordon Knight from the board caused ripples around the industry, prompting Taywood to reaffirm its commitment to PFI which Knight was involved in.

Other board losses include Eric Frondigoun, Nigel Grover and Nigel Marks. John Smith and Derek Limbert were also removed but will remain as MDs of Taywood Engineering and Taywood Civil Engineering.