EMCOR pulls out of UK construction market

Grant Prior 12 years ago
Share

M&E giant EMCOR is pulling out of the UK construction market.

The move puts hundreds of jobs at risk at the firm which employs 3,500 people across the country.

The Enquirer understands that staff have been put on redundancy notice at EMCOR’s ten regional offices.

The firm said: “EMCOR UK identified that due to the construction market conditions in the UK, and customers’ changing requirements, its focus was best placed in areas where it can more fully leverage its knowledge and strength to positively impact customers’ businesses.”

EMCOR’s facilities management business will continue to trade as normal.

The firm added: “EMCOR UK will complete its current construction projects, supporting these customers over the coming months to ensure a smooth transition, but will not seek to secure new construction services projects.”

A company spokeswoman would not be drawn on the number of jobs at risk.

She said:  “Over the coming weeks and months, EMCOR will be working with its customers and will review resource allocations in line with its requirements and those of their projects.”

Keith Chanter, Chief Executive Officer of EMCOR Group (UK), said “EMCOR UK’s strategy for the last five years has been to focus on long-term collaborative customer relationships, and to ensure the alignment of our business with our customers’ needs, in order to maintain a profitable, sustainable business.

“Today sees a key milestone in this strategic process, with our withdrawal from the construction market.

“I would like to take this opportunity to thank all our customers and employees for their ongoing support and commitment, and can assure our customers that we will continue to deliver our current projects to the high standards that they value us for.

“We will be offering support and guidance to our employees through this period and will seek to redeploy wherever possible.”

One industry source told the Enquirer: “Things have been bad in the M&E market for a while now but seeing a firm the size of EMCOR quit is still a shock.”

 

Latest news

Keltbray fine increased to £18m after failed bid rigging appeal

Contractor loses penalty discount for settling with competition authorities
14 hours ago

Luxury house builder goes under with 70 job losses

Octagon Developments in administration after 40 years in business
1 day ago

Top Ten best read stories of 2024

The biggest headlines of an eventful year. Have a good one and here's to a successful 2025
1 day ago

BAM Nuttall fined £800,000 after concrete skip tragedy

Young labourer killed by falling bale arm
2 days ago

Keltbray infrastructure business reveals new name

AUREOS means "new dawn" after private equity acquisition
1 day ago

Stiffer fines for over-running street works from next Summer

Cash raised from lane rentals to be channeled into pothole repairs
1 day ago

£113m Basildon rental homes scheme seals build finance

Work expected to start early next year on Market Square project
1 day ago

Notting Hill Genesis seeks more tier 1 repairs contractors

London housing trust seeks eight firms for new £1.5bn repairs framework
1 day ago

Reclaimed steel oil rig columns worked into London office revamp

Curo will use reclaimed bricks and steel for Fitzrovia office overhaul
2 days ago

CITB delays levy approval consultation

Levy agreement talks pushed back by ongoing review into effectiveness of training body
2 days ago

Ofwat approves £104bn water industry spending plan

Household water bills to rise by 36% to fund quadrupling of investment
2 days ago

Costain/ Siemens JV clinches HS2 power supply job

£300m deal for HV power supply systems over the 225km route
2 days ago

Demolition team assembles on Multiplex London Wall site

Erith to start work next month at Deutsche Bank's former headquarters
3 days ago

Norwich Council acts to revive £300m Anglia Square scheme

Council uses Homes England funding to buy stalled site with planning for 1,100 homes
2 days ago

Go-ahead for 4,500-home Cambridgeshire new town

Waterbeach new town plan stalled three years ago after an Environment Agency objection
2 days ago

Henry Boot to take total control of Stonebridge Homes

Deal worth at least £30m
2 days ago

HS2 costs could hit £66bn

Government looking for next estimate to be lower
3 days ago

Mace to close construction logistics arm

Specialist business being wound down
3 days ago

National Grid to invest £35bn over next five years

Plan set out for record investment in electricity transmission infrastructure
3 days ago

Profits double at Barhale

Civils specialist sees order book top £1bn
3 days ago

Balfour wins 68km HV underground power cable deal

Main works to start next year on Eastern Green Link 2 job
3 days ago

Stunning site wrap unveiled on Sloane Street

Hoarding creates illusion of fully formed façade on £53m Galliford Try job
3 days ago

Heathrow Airport upgrade spend takes off again

Airport operator will spend £2.3bn over the next two years
3 days ago

Government buys back over 36,000 military homes

Public ownership deal to release wave of upgrade and new build work
4 days ago

Story Contracting staff braced for rail job losses

Work coming through slower than expected from Network Rail
4 days ago

Ballymore submits two plans for 3,700 East London homes

Construction could start in 2025 on Thames Road and Knights Road schemes
4 days ago

Blackpool council steps in on failed developer’s £300m scheme

Blackpool Central site clearance to start in the New Year as hunt starts for new developer
5 days ago

Brookfield submits retro-first London office plan

Milton Gate plan for Square Mile will hike space by nearly 50%
4 days ago

Bowmer + Kirkland gets start date for £100m Siemens site

Construction to begin early next year on Chippenham scheme
5 days ago

Torsion sells under-construction Leeds BTR scheme

Concrete frame due to start soon on 300-apartment complex
5 days ago

Contractor services