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Engineers

This Month

Jane Sloane was one of thousands laid off due to Trump’s cuts to DEI and has a new job in Sydney at the UNSW.

Tech workers, scientists take $600k pay cuts to flee Trump’s America

US funding cuts to science programs, riots over immigration and the rise of AI are prompting many Australians to move home – and Americans to seek jobs abroad.

May

Trump’s decision to slash US federal spending is hitting professional services firms.

Booz Allen to slash headcount as US cuts hurt outlook

The tech services company said it is responding to the Trump administration’s move to shrink government spending.

March

Juan Santamaria: Capacity constraints.

How the builder of the Sydney Metro is adapting to Donald Trump

Five years after a $1 billion loss, Juan Santamaria has changed the way construction giant CIMIC works to avoid US tariffs and ride the data centre boom.

February

Worley boss Chris Ashton expects the engineering group to benefit from a resurgence in fossil fuel projects.

Worley expects profit boost from Trump energy policies

The engineering group’s shares jumped 11 per cent after it announced a $500 million share buyback and said it would benefit from a resurgence in fossil fuel projects.

Liza Maimone, a former senior PwC partner and Engineers Australia director.

GenAI helps engineers cut response time from weeks to minutes

Worley is using the technology to reduce the time it takes to draft responses to complex customer queries by parsing the firm’s extensive technical database.

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Downer EDI chief executive Peter Tompkins says the contractor has “turned the corner”

Downer EDI boss says price-fixing claims won’t hurt Defence bid

Peter Tompkins is confident the competition watchdog’s investigation into alleged price fixing won’t hurt its chances of winning multi-billion dollar defence contracts.

December 2024

The third stage of the Gold Coast light rail line is causing John Holland problems

John Holland overhauls executive team as projects struggle

John Holland is searching for a new CEO and its major projects boss will leave in January.

November 2024

Worley narrowly dodges strike on remuneration report at AGM

The engineering group’s investors want to know why the company is paying big bonuses to executives but not raising dividends for shareholders.

August 2024

Downer EDI boss Peter Tompkins

Downer EDI back in the black as cost-cutting pays off

The contractor’s shares soared on Friday as it swung back into profit and proved it could increase earnings margins.

Chris Ashton, the chief executive of Worley, says some energy projects are being delayed or cancelled, impacting work prospects.

Worley profits surge but pipeline softens as energy projects cancelled

Customers are being more “pragmatic” on how they reduce carbon emissions and putting pure sustainability projects on hold, says chief executive Chris Ashton.

The Albemarle lithium hydroxide plant at Kemerton.

Monadelphous optimistic on energy transition despite lithium loss

The Perth-based construction group delivered a 16 per cent increase in annual net profit to $62.2 million.

July 2024

Would you like coffee with your concrete?

One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.

May 2024

Engineering parts biz HMA Group seeks backer; $200m valuation tipped

The group, which sold $144 million worth of capital plant equipment to the likes of Glencore and Thiess last year, has sent PKF Corporate Finance on a hunt.

Downer EDI chief executive Peter Tompkins.

More jobs go at Downer EDI in efficiency drive

Dozens of employees have lost their jobs in a new wave of cost-cutting including senior executives and people in the engineering group’s IT operations.

March 2024

Tasmea makes about half of its revenue in Western Australia and servicing iron ore miners.

ASX-aspirant Tasmea back in front of fundies, mandates brokers

Tasmea has mandated Shaw and Partners, Morgans and Unified Capital Partners as joint lead managers for an IPO of about $50 million.

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February 2024

Worley boss Chris Ashton

Worley writes off Ecuador claims as interim net profit rebounds

Worley CEO Chris Ashton says the global engineering group could pursue claims for work done in Ecuador through the South American country’s courts after a $58 million write-down.

Downer boss Peter Tompkins

Downer EDI net profit rises 6pc on turnaround

Downer EDI’s shares surged to their highest levels in more than a year after profits beat expectations and the contractor deepened its cost-cutting targets.

Retrofits yes, new offices no: a slowdown in new commercial work is hitting engineering employment.

Engineers cut staff as commercial work slows

Year-end job cuts aren’t unusual in engineering – official job vacancy data shows a fall in advertised jobs each year – but the slowdown is biting the profession.

January 2024

Worley CEO Chris Ashton has until February 7 to respond to corruption allegations

Worley devoting ‘extensive resources’ to corruption allegations

Worley has until February 7 to respond to a US court claim filed by Ecuador that alleges it paid “improper benefits” to state-owned companies.

Incoming Arup chairman Jerome Frost says Olympic Games planners should review infrastructure plans often to make sure they are getting the best value for  money

How Brisbane Olympics can get ‘better bang for a buck’

Olympic Games planners should not be scared of “flying in the face” of beautiful architecture and using infrastructure, says the incoming chairman of Arup.

Original URL: https://www.afr.com/topic/engineers-1mqk