Construction firm Kier Group has announced a wave of job cuts 18 months after the collapse of Carillion.
The company said it will cut around 1,200 roles by next year as part of accelerated restructuring plans to save the business millions.
The move is expected to create £55 million of annual savings from the 2021 financial year onward.
By the end of the month, 650 full-time employees will have left the group, while another 550 are expected to leave during the 2020 fiscal year.
Chief executive Andrew Davies said: "By making these changes, we will reinforce the foundations from which our core activities can flourish in the future, to the benefit of all of our stakeholders.
"These actions are focused on resetting the operational structure of Kier, simplifying the portfolio, and emphasising cash generation in order to structurally reduce debt.
"By making these changes, we will reinforce the foundations from which our core activities can flourish in the future, to the benefit of all of our stakeholders."
As part of the renewed strategic focus, Kier will sell off housebuilding business Kier Living, its property development business and it facilities management and environmental services.
The company said it had already received a number of expressions of interest for Kier Living.
It comes just weeks after the struggling firm issued a shock profit warning, with bosses revealing that profits are expected to be £25 million lower than expected.
Boss Andrew Davies had previously been due to take on a top job at Carillion, but the company collapsed before he could begin.
