Multinational engineering firm Aecom has today announced that it is planning to cut up to 500 jobs in the UK and Ireland as a result of the COVID-19 pandemic. The firm currently employs more than 7,000 people in the region.
The US consultancy giant announced the redundancies as part of a global restructuring for the company. Last week, the company announced the sudden departure of CEO David Barwell and COO Bill Quarterman following a difficult period for the company.
Earlier this week, Aecom’s US parent company released its third-quarter figures, which revealed that revenue outside America was down 10% to £548m, compared to the same time period in 2019.
A statement from the company read: “Over the last months, the global pandemic has heavily impacted many of our clients and competitors, the industries in which we work, and our UK and Ireland business.
“As a result of this we have taken the difficult decision to re-shape our business to better meet the demands of our markets and help us continue to provide the best services for our clients. In support of this restructuring we are beginning a consultation process across the region which may impact up to 500 roles.”