WYG says it will continue to slim down after cuts

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first_img Monday 27 September 2010 8:04 pm KCS-content TROUBLED engineering consultant WYG said yesterday its major restructuring was on track, after announcing pared losses for the year of £21.9m. The company, which undertook a debt for equity swap with its lenders in January, said it cut 620 jobs in the year to 30 June, costing £8m in redundancy payments and office closures. More cost-saving measures are expected in the current financial year, said chairman Mike McTighe. Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proofcenter_img Share WYG says it will continue to slim down after cuts “The much awaited outcome of both the comprehensive spending review and the strategic defence spending review continues to induce paralysis across both the public and private sector markets,” said TigheRevenue at the firm fell 16 per cent to £220.6m. Shares in the firm, which was recently demoted to the AIM market, dropped 8.8 per cent to 28.5p. whatsapp Tags: NULLlast_img

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Danish provider of UK public services plots £1.5bn listing

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Morison Industries Plc (MORISN.ng) 2019 Abridged Report

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