Mouchel has announced that its current cost cutting programme is expected to save £25m/year.
A new trading statement said that cost reductions would cover staff redundancies, office closures and lease costs. At senior level, the company is understood to be seeking 450 redundancies (LTT 20 Aug).
While the company has been severely impacted by public spending cuts in the UK, it reported progress in developing business in Western Australia, where it has won a second highways maintenance...
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