{"id":831640,"date":"2025-03-05T08:11:59","date_gmt":"2025-03-05T14:11:59","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/05\/welsh-civils-contractor-begins-staff-consultation-after-financial-challenges\/"},"modified":"2025-03-05T08:11:59","modified_gmt":"2025-03-05T14:11:59","slug":"welsh-civils-contractor-begins-staff-consultation-after-financial-challenges","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/05\/welsh-civils-contractor-begins-staff-consultation-after-financial-challenges\/","title":{"rendered":"Welsh civils contractor begins staff consultation after financial \u2018challenges\u2019\u00a0"},"content":{"rendered":"
\n

\"Alun<\/p>\n

\n

Alun Griffiths has begun a consultation with staff following a \u201cstrategic review of the business\u201d caused by \u201crecent challenges\u201d including financial performance.\u00a0<\/span><\/p>\n

In October 2023, the Welsh civils contractor reported turnover of \u00a3301m and a \u00a320m pre-tax loss for the year to 31 December 2022 \u2013 its fourth consecutive year in the red. Its current accounts are currently overdue.<\/p>\n

A consultation with staff on \u201cproposed changes\u201d has been initiated by management following the review, according to an exclusive statement shared with Construction News<\/em>.\u00a0<\/span><\/p>\n

A spokesperson for Alun Griffiths said: \u201cWe have carried out a comprehensive strategic review of the business in response to recent challenges faced by Griffiths, including market conditions and financial performance.<\/p>\n

\u201cFollowing this review, a consultation process has begun with employees. This\u00a0will work through proposed changes\u00a0with our employees and hear their feedback before any final decisions are made.\u00a0<\/span><\/p>\n

\u201cWe\u2019re\u00a0committed to continuing to deliver for our customers\u00a0and suppliers\u00a0in line with our contractual obligations.\u201d<\/p>\n

The statement did not specify when the consultation period will end, or whether redundancies were being considered.<\/p>\n

In 2022 the group employed a monthly average of 908 staff.<\/p>\n

Its accounts for 2023 were due to have been filed with Companies House by 31 December last year.<\/p>\n

Alun Griffiths was ranked 61st in the CN100 2024<\/a> index of top UK contractors.<\/p>\n

Formed in 1980 as Speckpound Ltd, the firm was acquired by Tarmac for \u00a335.6m in January 2018.<\/p>\n

In its accounts for 2022,<\/a> Alun Griffiths said it had launched a five-year strategy, reviewed key contracts and introduced a new business improvement plan.<\/p>\n

The Abergavenny-based firm carries out work across Wales and South West England and is lead contractor on a \u00a3590m dualling scheme on the A465, as part of the broader Heads of the Valleys road upgrade programme for the devolved Welsh government.\u00a0<\/span><\/p>\n

Other active projects include a joint venture with Farrans to deliver a new \u00a360m transport hub at Bristol Airport.<\/p>\n

However, the company walked away from the \u00a389.2m Banwell Bypass job in Somerset last March for an undisclosed reason. It was replaced by Galliford Try six months later<\/a>.<\/p>\n

A spokesperson for the Welsh government told CN: <\/em>\u201cThis is clearly worrying news for the employees of Alun Griffiths Contractors, their families and local communities.<\/p>\n

\u201cWe will continue to work with Alun Griffiths Contractors during this consultation process.\u201d<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Will Ing<\/p>\n","protected":false},"excerpt":{"rendered":"

Alun Griffiths has begun a consultation with staff following a \u201cstrategic review of the business\u201d caused by \u201crecent challenges\u201d including financial performance.\u00a0 In October 2023, the Welsh civils contractor reported turnover of \u00a3301m and a \u00a320m pre-tax loss for the year to 31 December 2022 \u2013 its fourth consecutive year in the red. Its current<\/p>\n","protected":false},"author":1,"featured_media":831641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104325,46962],"tags":[],"class_list":{"0":"post-831640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-civils","8":"category-welsh"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/831640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=831640"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/831640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/831641"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=831640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=831640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=831640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}