Finance Finance News Hydro Tasmania’s consulting arm Entura axes 40 jobs

Hydro Tasmania’s consulting arm Entura axes 40 jobs

A downturn in the engineering consulting market is being blamed for up to 40 redundancies at state-owned Entura.
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Hydro Tasmania’s consulting business Entura is to axe up to 40 jobs.

The state-owned company employs about 280 staff in offices in Australia, Asia and Africa, who consult on renewable energy projects.

Entura posted a modest profit last financial year and has blamed the 30 to 40 job cuts on a severe contraction in Australia’s engineering consulting market.

Hydro Tasmania posted a before-tax loss of almost $250 million last financial year, a week after promoting its biggest ever pre-tax operating profit.