Consultant Atkins has shed a further 230 UK jobs in the last six months as it completes a “significant” restructuring of its highways and transportation.
The firm’s results for the six months to 30 September confirm that it now employs 9,403 staff in the UK, down on 9,640 as of 31 March and 10,246 as of 30 September last year.
UK revenue was also down 7.5% year on year, standing at £420M.
The firm said the results were as anticipated. “The UK market remains challenging,” it said. “The year on year revenue decrease reflects staffing reductions, the majority of which were completed by the end of the last financial year.
“Since 31 March, we have seen underlying headcount stabilising, with the slight reduction in the six month period primarily reflecting those staff in our highways and transportation business already on notice of redundancy at the end of the last financial year,” it said.
Atkins said it has mitigated the impact of the UK downturn by putting staff to work on Middle East projects.
Staff numbers globally are up slightly on six months ago, now standing at 17,710. Numbers are up notably in the Middle East and Asia & Pacific regions.
The firm said it now earns more than 50% of its revenue from outside the UK.
Group turnover for the six months stands at £843M, up 27% on the same period last year. This increase is attributed to the inclusion of Atkins’ recent US acquisition PBSJ. PBSJ now trades as Atkins North America.
Pretax profits for the six months were £44.2M.
“The Group has delivered solid half year results. Our strategic priorities to deliver shareholder value are to drive operational excellence, to optimise our portfolio, and to grow in attractive market sectors,” said chief executive Uwe Krueger.