Expect more of this for two more years, from the AFR:
Engineering group UGL plans to cut 200 jobs to slash costs and has warned of fresh write downs as new chief executive Ross Taylor tries to create a sustainable business model for the company.
UGL said it would save $33 million annually from fiscal 2016 by cutting 200 full time employees by June 30, and removing the “duplication of roles” associated with the $1.2 billion sale of its property arm, DTZ, last year.
