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AUSTRALIA

Fugro to cut 500 more jobs

DUTCH multinational Fugro will lay off 500 workers globally in the coming quarters as it struggles to divest non-core assets due to poor market conditions, while also selling its two office properties in the heart of West Perth, Western Australia.

Anthony Barich
Fugro to cut 500 more jobs

With the oil and gas market constituting 78% of Fugro's business, the strong decline in backlog over recent quarters has translated into both lower activity, pricing pressure and lower revenues. In response,...

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