The impact of COVID-19 on the construction industry has been significant and recovery to pre-COVID levels is now predicted to take up to two years. Allgood must react to these short and medium-term effects on the sectors we serve and reshape our business in the most efficient manner possible, continuing to provide cost-effective and expert service to our customers.
While every effort has been made to reduce our costs elsewhere, staffing is our largest expense. Therefore, and with regret, we have today (July 7th, 2020) commenced a consultation with all staff. We are proposing to reduce our workforce by nearly 20%.
This has been a difficult decision, but one we must take to respond to the current and expected future levels of activity.