John Holland, the Australian contractor owned by the China Communications Construction Company (CCCC), has announced jobs cuts and a restructuring of its divisions in the wake of a US$40m loss for 2019.
The company has created a major projects division to handle jobs worth more than $1bn, and has hired former Carillion managing director Mark Davies to run it. Davies had been heading the Balfour Beatty/Vinci joint venture building the UKs HS2 rail scheme.
It has also made its infrastructure business a single national organisation, rather than splitting it into separate state-based companies. Meanwhile, it will review its operations in Southeast Asia, close its Singapore office, and concentrate on delivering existing projects rather than …
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