Blue collar jobs being squeezed as roads, railways and water bosses turn to high-end technology
Blue collar jobs are being squeezed as roads, railways and water bosses turn to high-end technology.
One third of builder and engineer Costain’s workforce is now in technology and consultancy roles as it seeks to meet market demand.
The Maidenhead business which helped build the Thames Barrier and Channel Tunnel now also beams traffic data into cars and works on data analytics for water companies.
Blue collar jobs fears: One third of builder and engineer Costain ’s workforce is now in technology
It said: ‘We are aligning our business development activity with the changing spend patterns of our clients.’
Costain posted an 11.6 per cent fall in sales during the first half of the year, to £772.9million. However, margins increased and underlying profits grew by 8 per cent to £22.8million.
The group’s order book was roughly flat at £3.7billion, with 90 per cent repeat business.
Costain is paying a half-year dividend of 5.15p per share.
Boss Andrew Wyllie said: ‘This performance is due to our differentiation as we evolve into the UK’s leading smart infrastructure solutions company.’