WSP Group

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Professional Services
71 - Architectural and engineering activities; technical testing and analysis
71.1 - Architectural and engineering activities and related technical consultancy
71.1 - Architectural and engineering activities and related technical consultancy
400 jobs
Number of planned job losses
Job loss
Announcement Date
25 July 2011
Employment effect (start)
Foreseen end date
25 July 2011

Description

WSP Group has cut 400 jobs. The company reported a lower first-half adjusted pretax profit, hurt by a squeeze in the UK public sector spending.

Sources

  • 25 July 2011: Reuters

Citation

Eurofound (2011), WSP Group, Internal restructuring in United Kingdom, factsheet number 72529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72529.