Worley restructures to face post COVID world

ENGINEERING group Worley announced in its shareholder presentation yesterday it will reduce costs by A$70 million by the end of next year by expecting the majority of staff to permanently work from home, and saw 2020 as the tipping point for the energy transition.

Worley restructures to face post COVID world Worley restructures to face post COVID world Worley restructures to face post COVID world Worley restructures to face post COVID world Worley restructures to face post COVID world

Offices will shrink, renewables investment to grow

Chief executive Chris Ashton told shareholders from his home in Houston the company has flagged A$275 million of costs cutting, a quarter of which will come from shrinking office sizes, and will cut