Economy
Arcadis to Cut 1,000 Jobs
Dutch engineering firm Arcadis announced the elimination of 1,000 full-time positions as part of a strategy to simplify operations and reduce costs. CEO Heather Polinsky stated that the company is sharpening its focus on high-demand markets while largely exiting architectural projects and most work in China. Two hundred managers have been tasked with identifying further savings, though hiring will continue in growing divisions. This restructuring occurs amid stalled takeover talks from Canadian rival WSP Global, with engineers holding 20% of shares via the Lovinklaan Foundation likely opposing an acquisition.
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