Soil research company Fugro cuts 300 jobs over revenue concerns

Geotechnical survey group Fugro announced on Monday it is reducing its 2025 financial outlook and cutting a further 300 jobs, citing “significant changes in market conditions.” In a press release, the Leidschendam-based company said that “a wide range of projects has been affected”, in particular the offshore wind and oil and gas sector. Delays and cut backs on projects will have a €100 million impact on the company’s bottom line, the statement said. The company’s stock price plummeted 13% on...