Atkins today revealed it will shed another 300 jobs in the run up to April.
Updating the stock market today, Atkins said its year end head count will be around 17,700, implying a further 300 jobs are to go in the next six weeks, as it approaches its financial year end on 31 March.
A spokesperson for the firm said: 鈥淭his is a continuation of previous restructuring and all of the positions will be in consultation at present.
We鈥檝e said the highways business has been the most heavily impacted by government spending cuts and we need to allocate resources according to demand鈥.
Atkins鈥 interim management statement said trading is 鈥渋n line with our expectations, despite challenging market conditions鈥 but that its broad exposure to a number of sectors was providing some protection.
Its water business is performing well and offsetting weakness in other areas. It is seeing improving workload from the water companies as their AMP5 investment programmes begin, following a slow ramp up of the new investment programme.
The acquisition of PBSJ, an American firm is performing well. Commenting on its current trading, Atkins said: 鈥淭rading in the first four months of ownership has been in line with expectations and the acquisition provides the Group with an excellent platform for growth in the largest economy in the world. The integration is progressing well and we are confident of our ability to leverage our enhanced capabilities.鈥
Post Atkins鈥 acquisition of PBSJ in October last year, the combined group employed around 18,500 staff, meaning that 500 jobs have gone in the past four months.
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