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Atkins sheds more jobs after flat turnover

Atkins today said that turnover for the three months since 1 April 2009 were flat so it had cut more jobs during the period.

The consultant said today in a trading update that the UK building design and utilities markets were still soft and that business in the Middle East remained challenging.

The statement said: “We have continued to flex our business to reflect the challenging trading conditions in a number of our markets and we have reduced our headcount accordingly.”

Atkins, which has worked on projects as diverse as Dubai’s seven star Burj Al Arab Hotel and Britain’s Greenwich peninsula, said its energy, highways and transportation businesses were performing well and that its management and project services arm was trading in line with expectations.

With net funds in excess of £200 million, the group’s financial position remains good.

The statement added: “We continue to be well placed to navigate through challenging conditions in a number of our markets and the overall outlook for the group remains unchanged.”