RMJM in line to buy YRM
RMJM looks set to snap up troubled 67-year old practice YRM
Rumours are rife that the Scottish-based behemoth, which has had its own problems with paying staff, will buy YRM’s nuclear power and airport projects. As a result only a handful of the practice’s current 20-strong London-based workforce will be retained.
A spokesman for RMJM refused to comment on the ‘speculation’.
Last week YRM’s chief executive John Clemow said that a deal with a potential suitor was likely to be completed before Christmas.
Although YRM, which was founded by FRS Yorke, Eugene Rosenberg and Cyril Mardall in 1944, has struggled to find work this year it still has major nuclear power schemes on its books including the £10 billion Hinkley Point C nuclear power plant project in Somerset.
The scheme was submitted to the Infrastructure Planning Committee in October.