Summary
THE new boss of engineering giant Amec, fighting off a bid approach from US-led private-equity funds, is to break the company into two, lay off hundreds of workers and return Pounds 100 million to shareholders.
Samir Brikho's radical action, unveiled today, involves selling off the company's underperforming construction arm, behind such projects as Heathrow's Terminal Five and the Channel Tunnel rail link, to concentrate on the moreprofitable power services business.See the full content of this document
Extract
Amec Plans a Break-Up and Cashback
Brikho warned that 2006 profits ...
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