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  1. poyndexter
    26,672 Posts.
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    25/08/13
    07:45
    Post #: 12240535
    Corporate

    Staff cuts would flag a determination to return to decent profitablity, no matter what ... a rise in sp is generally the norm for companies that announce them.

    I am within the NSW engineering industry ... I can assure you the likes of Aurecon, Aecom, SMEC, Arup, Golder and more have been savagely downsizing for 6-12 months and I don't see it abating any time soon.

    Thats why posted my earlier comments.

    Cheers
    Dex
    COF Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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