Viridor cuts costs as pre-tax profits tumble

摘要

Pre-tax profits at the waste and recycling contractor Viridor have fallen by more than a third, as the company claims it is taking 'aggressive' action to cut costs. According to figures published by the Pennon Group on 23 May, which owns the company, Viridor's pre-tax profits for the year ending 31 March have fallen by 36.6％ on the previous year to £36.5m. The company blamed the falling price for recyclable materials and the continued economic problems in Europe. In the financial report, the company stated it had shut or moth-balled six facilities in the last 12 months and made 152 people redundant.