Severfield to cut staff by 6% amid pricing pressure

Britain’s biggest steelwork contractor Severfield is planning to cut staff numbers by around 6% in the face of growing cost pressure on tender prices.
Based on last year’s published figures this will amount to over 100 job cuts.
In a year-end trading statement this morning, the specialist contractor said: “We continue to take appropriate cost reduction actions to mitigate the effects of the trading pressures the group is currently facing.“We have recently completed a head