Balfour Beatty Group's average number of employees 2011-2018

Balfour Beatty was employer to some 26,000 people in 2018. The United Kingdom based heavy construction company let go 2,000 employees between 2017 and 2018, whilst the overall decline in the period of consideration was even more prominent. Overall, employment figures have fallen by nearly 50 percent since a high of 50,304 was reported in 2012.
Following the liquidation of fellow British contractor Carillion, there were still three construction companies in the country with an annual turnover exceeding three billion British pounds.

Balfour Beatty’s financials

The fall in employee numbers is in line with a decrease in revenues generated by the company. In 2018, the company made 7.8 million British pounds in underlying revenue. The lowest figure since the beginning of the reporting period in 2011.

UK construction industry at a glance

The UK’s construction industry had an annual production value of 288.9 billion euros as of 2016. This was a decline of roughly 12 percent compared to the previous year. In contrast, the industry’s GVA (540236) rose continuously between 2009 and 2016.