part time job

Osborne COO leaves amid staff layoffs

Osborne chief operating officer Rennie Chadwick has been made redundant.

He has left the contractor along with 15 other people in response to problems in the construction market.

A spokesman said: “We are not immune to the economic and political uncertainties facing our industry and we carefully and regularly review our financial position, work secured and operating costs.

“We have made a small reduction in the number of current roles, one of which is the chief operating officer.”

Chief executive Andy Steele recently told Construction News that ensuring the company had enough high-quality work to cover overheads was harder in the current environment as projects were more prone to delays.

Geoffrey Osborne reported a £1.8m operating loss in its most recent set of filed accounts for the year ending 31 March 2018.

Sales by its property development business helped the company achieve pre-tax profit of £11.4m, however.

Mr Chadwick was appointed COO in May last year. He joined Osborne as design and IT director in early 2012 after leaving his position of managing director of the technology division at Vinci.

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