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Transfield Services Limited (ASX:TSE) has warned further job losses lie ahead as management looks to cut costs.
According to News Corporation, the construction and maintenance firm’s Chairman says there will be an increasing focus on operational efficiency, reducing costs and improving margins.
The comments follow the sudden resignation of Chief Executive Peter Goode in August.
Transfield recently swung to a full year net profit aided by improving capital management systems and business efficiencies.
The announcement of a new Chief Executive is expected next month.
Transfield posted a net profit $85 million in the 2012 financial year.
