Engineering consultancies are cutting staff in their commercial construction operations as activity slows, with businesses hit hardest in Melbourne, where the loss of planned Commonwealth Games work is worsening a slowdown in the privately funded market.
Global giant Arup cut more than 60 people in a process that ended in November and did not issue a dividend to shareholders.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
