Sir Robert McAlpine has furloughed around half of its workforce, while the remaining employees will take a 20% pay cut.
The company’s executive board and senior leadership team will see their pay reduced by 40%.
Chief executive Paul Hamer said the company had “significantly reduced activity” or closed some sites and offices but will seek to reopen sites where it is safe to do so in compliance with the Construction Leadership Council (CLC)’s Site Operating Procedures.
Hamer said: “We are a family at Sir Robert McAlpine and to take this action was difficult, but it is the best avenue through which we can protect our people and their jobs in the long term. We hope for the swift resolution of covid-19, then we will see our sites reopen and our people and business fully operational again.
“Until then we are all sharing the short-term pain across the business. Those who remain in post have been asked to accept a pay cut, including the Executive Board and Senior Leadership Team, whose cut is double that of the other retained employees.
“Our focus is on looking after our people as best we can and supporting the NHS and frontline healthcare workers. This includes playing our part in constructing some of the emergency hospitals currently being commissioned.
“We are incredibly proud of the fantastic response from our teams and supply chain partners across the country in very difficult circumstances.
“As we endeavour to return to being a fully operational business meeting the needs of our clients and providing employment for our people, we will continue to keep the situation under constant review and remain prepared to take whatever action is required to protect the safety of everyone who works with us.”
