Troubled builder Galliford Try has confirmed that its strategic review launched last month to generate cost savings of £15m a year will lead to 350 job losses across the country.
The company said the restructuring costs will lead to a £40m write-down during the year.
Graham Prothero, chief executive, said: "We have made some difficult decisions in response to the challenges faced by the Group's Construction business.
"The associated operational changes are being implemented across the business. We are confident that the decision to refocus our construction activities will deliver a more stable business for the future and support improved margins."