Engineering outfit Cardno is flagging cost cuts and “right-sizing” efforts after taking a $70 million hit on the value of its Australian business.
The local arm of Brisbane-based Cardno, which started as WWII wound down and employs almost 4400 people globally, again blamed problems with the wind-down of big contracts in Australia for another poor result.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
