New Structure
Anglo American PLC
7 June 2000
TARMAC RETAINS STRONG PRESENCE IN WOLVERHAMPTON
Tarmac today announced the results of its review of central functions being
carried out in the two offices of Wergs Hall and Ettingshall, in the
Wolverhampton area. Whilst there will, regrettably, be a loss of some 200
jobs in the short term, the company has decided to retain a strong strategic
presence in Wolverhampton.
Robbie Robertson, Chief Executive Officer, said: 'Following the completion of
the acquisition of the company in March and its integration with Tilcon, we
have spent the last three or four months looking very carefully at which
functions should continue to be carried out in Wolverhampton. There will be
further redundancies next year but we anticipate that a significant part of
these further redundancies will be achieved through relocation and natural
wastage.
'We have decided to retain a substantial presence in Wolverhampton, with key
shared services being provided particularly in the fields of Finance and
Information Technology and Information Services. We believe in empowerment
and a decentralised structure but nonetheless see considerable benefit in
providing certain services centrally for the overall group.'
In addition to financial and computer functions, a number of other critical
activities will be maintained, including technical, product development and
marketing departments.
Commenting on this Mr Robertson said: 'We have market leadership and there are
very good people involved in developing new products and bringing them to the
market. It is critical that we maintain this central core of excellence.'
Looking to the future, Robbie Robertson said: 'Tarmac has strong roots in the
West Midlands. I am sure that with this new structure Wolverhampton will
continue to play a pivotal role in making the new Tarmac Group the best in the
business'.
Note to Editors
The Tarmac Group is the market leader in the UK in aggregates, mortar,
concrete blocks and asphalt, and number two in ready-mixed concrete. The
group also has a number of significant markets overseas, particularly in
mainland Europe.
Further information: Kurt Calder at Tarmac Group Communications on 01902
382754
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