The 2014 financial year was a difficult year for WorleyParsons as we faced challenges in a number of our key markets. WorleyParsons is one of the most globally diverse companies in our international peer group, with a network of 157 offices in 46 countries. This global diversification has been an important factor in assisting WorleyParsons to offset challenging conditions in a number of key markets, particularly Australia, by capitalizing on opportunities in better performing markets.
Annual Report 2014 (PDF)
Annual Report 2014 Microsite
To address these market conditions and to ensure we maintain an intense focus on our customers and project delivery, a number of actions were taken during the year. We simplified the corporate structure including a reorganization of the business into three business lines, refreshed the leadership team, reduced overhead costs, removed 1,700 overhead positions and initiated programs to enable our staff to deliver greater customer satisfaction. We have refocused our strategy to more aggressively leverage our broad and deep technical capabilities and diverse geographic presence.