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Up to 200 jobs could be at risk with the announcement that the Lagan Construction Group is putting four of its 30 companies into administration.
Lagan Construction Group is one of Northern Ireland's biggest construction firms and employs 800 people.
In a statement Lagan Construction Group Chairman Michael Lagan said: “Parts of the Group had been significantly impacted upon by a number of factors within the Civils and Building divisions including delays in the commencement of new projects, protracted contractual disputes on some existing major projects and instability caused by a Joint Venture partner in Great Britain.”
He said: “It is with great sadness and reluctance that we have had to take this course of action.”
The four companies being put into administration are Lagan Construction Group Holdings Ltd, Lagan Construction Group Ltd, Lagan Building Contractors Ltd and Lagan Water Limited.
A statement said that it is hoped the jobs affected could be transferred to joint venture partners whilst others may be relocated to existing divisions within the Group.
Michael Lagan’s brother, Kevin Lagan has his own business called Lagan Group. His business is not impacted in anyway by this development.
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