Balfour Beatty has accomplished £100m in cost cuts during the first phase of its Build to Last transformation programme, it said in a trading update today.
The first phase of the Build to Last transformation programme is now nearing completion and has delivered fundamental change to the group – including a strengthened leadership team and governance and processes put place to drive greater transparency and control, the statement said.
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“By year end, the group expects to deliver its phase one self-help targets of £200m cash in, £100m cost out and also to have a positive net cash balance,” it added.
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