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Building firm is facing job cuts.

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| September 01, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Leicester Mercury)

A building firm which employs about 120 people in Leicestershire says it will probably have to cut jobs.

North Midland Construction, which employs more than 1,000 nationally, said "around one per cent" of its workforce is likely to face redundancy.

The firm, which carries out work for local authorities and telecommunications firms, has seen pre-tax profits in the first half of the year fall 60 per cent.

Profits were GBP21.4 million in the first ...

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