May 21, 2019 / 6:19 AM / 6 months ago

Galliford Try strategic review to cut 350 jobs

May 21 (Reuters) - British builder Galliford Try said on Tuesday the strategic review launched last month would see its construction business concentrate on its core strengths in building, water and highways, leading to up to 350 job losses across the UK.

The company, which had warned that the review would hit annual profit, said the unit’s annual revenue would reduce to about 1.3 billion pounds ($1.65 billion) and generate cost savings of up to 15 million pounds from 2021. ($1 = 0.7863 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; editing by Gopakumar Warrier)

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