Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mouchel hit by public sector downturn

Consultant Mouchel has confirmed it has cut more than 2,000 jobs since January last year as a result of government spending freezes.

Staff numbers fell from 11,940 to 9,776 as the firm restructured to tackle a dramatic slowdown in public sector spending, Mouchel’s principal source of income.

The figures were revealed this week in its preliminary results for the year ending 31 July.

They showed that the firm made a pretax loss of £14.7M and saw a 15% drop in revenue in the year.

The firm also racked up £45.2M in exceptional items. Of this, £22.5M was attributed to restructuring costs and a further £15.2M put against long-standing debts in the Middle East.

Chief executive Richard Cuthbert admitted that 2009/10 had been a “difficult and challenging year”.

He also said that the 2010/11 financial year had begun poorly.

“Trading in the current year has started more slowly than expected and the immediate outlook remains uncertain and, while we expect to see some improvement in the second half of 2010/11 as cost savings impact, in these circumstances it is right that the roup takes a more cautious approach to performance in the coming year,” he said.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.