AUSTRALIA

Matrix cuts jobs, tightens belt

MATRIX Composites has started shedding jobs as lower than expected revenue and high labour costs force the Perth-based engineer to slash profit guidance for the 2013 financial year.

James McGrath

While it maintains that the pipeline of longer-term orders is strong, it admits shorter-term buoyancy and well construction product demand is soft, leading it to issue a revenue forecast of $165-$175 million,...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

POLICY

Five year opportunity for WA onshore gas producers to export LNG

POLICY

WA government promises to cut through approval process red tape

POLICY

BPH, Asset and Bounty lawyer up as PEP-11 permit knock back looks likely

POLICY

Elixir chairman says Taroom Trough can make big difference in east coast gas crisis

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.