Economy
Another Thousand Jobs Cut at Arcadis
After rejecting a takeover bid from Canadian firm WSP, Arcadis announced plans to increase profits by cutting 1,000 jobs and selling its architecture division. The company will also exit the Chinese market and focus on sectors like water, energy, and infrastructure. CEO Heather Polinsky aims to improve margins and consider share buybacks, following strategies similar to those used by Unilever and AkzoNobel after rejecting hostile bids.
Ozetta summarises; the reporting is the newsroom's