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Building firm Rok cuts 750 jobs
a de on-based building company is cutting 750 jobs across the uk as part of cost-cutting plans after a sharp slump in business .
the firm said its insurance repairs and respon-base maintenance work had proved extremely resilient to the downturn so far and this was a major area of the group's strategy to weather the storm .
it also said it had scaled back its contracting operations to focus on repairs, refurbishment and response maintenance; and had also turned away several jobs where it doubted customers' ability to pay or margins were lower than expected, further impacting on revenues .
profits its will be Â12m lower than expected as revenues fall by about Â120m, the firm warned .
Generated 2008-11-7_14:16
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