UK redundancies drag down Aecom's profit
Quarterly results released by US-based Aecom Technology Corporation show that while revenue increased slightly during the period Oct-Dec 2009, “operating income” fell by 5%. Aecom's statement refers to $8.2 million in “one-time charges” related to “a severance charge in the United Kingdom” as well as non-recurring costs associated with the group's recent “global brand launch”.
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