UGL completes strategic review

Company News

UGL Limited (ASX:UGL) has completed its strategic review and will continue to cut jobs as it resets the business. 
 
The company is well underway with a corporate restructure and sold off its property arm DTZ last year. 
 
A further 200 duplicate roles will be cut and the company is also planning $74 million in write downs and one-off charges. 
 
CEO Ross Taylor expects EBIT margins to return to 3 per cent in 2016 and 4 per cent in 2017 financial years. 
 
The company expects FY2015 revenue of $2.3 billion excluding the DTZ side of the business. 
 
UGL reported a net loss of $120.83 million in the first half of the 2015 financial year.