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Grontmij to exit weak markets, more staff cuts

UK named as weakest market, with damaging water contract delays; enviro services remain priority

12-Nov-09  Dutch-based consultancy Grontmij is planning further redundancies and to exit poorly-performing, non-core markets in order to “put the business on a firm footing for next year”. News of Grontmij's ongoing restructuring programme accompanied its sombre Q3 results. These results detail a 24% reduction in post-tax profit during the first nine months of 2009, down to €20.1 million (compared to €26.6 million in Q1-Q3 2008). Net...