Kier cost-cutting strategy lands it with £10m bill

By Will Ing2018-11-16T11:34:00

But firm says initiative is beginning to make inroads into its debt pile

Kier has said the expense of rolling out its Future Proofing Kier strategy will cost the firm £10m more than it saved in the first half.

In a statement issued ahead of it AGM this lunchtime, the firm said: “As anticipated, the costs of implementing the FPK programme in the first half of the financial year are forecast to exceed the realised savings by approximately £10m.”

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