Recovering WYG stems losses

By Dave Rogers2018-12-04T09:58:00

Consultant says cost-cutting measures starting to take effect

Consultant WYG narrowed losses in the first six months of the year as the firm said it expected a stronger performance in the second half.

The firm, which has been hit by a slowdown in work abroad and higher bid costs, launched an efficiency review earlier this year which has included closing one office, relocating two more and looking at savings on recruitment, marketing and travel costs.

WYG, which shut Carlisle-based land and property business North Associates in March after work it expected from the planned Moorside nuclear power station near Sellafield on the Cumbrian coast failed to materialise, said it was eyeing more cost-cutting measures.

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