Azurix International, a water utility company, is making 85 redundancies in its corporate personnel, including its legal department, as part of a company-wide downsizing. The redundancies affect both the London and Houston offices. The company is focusing on reducing operating costs and shifting towards privately-negotiated transactions. Azurix, formed by Enron, plans to float and is expected to sustain a pre-tax charge of around $30m due to development and acquisition costs.
doj/DataSet10/EFTA01378467.pdf
{"title":"Water group pulls plug on in-house","key_people":["Sarah Gregory","John Ale"],"document_date":"1999-11-22","document_type":"media","key_locations":["London","Houston"],"document_subtype":"news article","key_organizations":["Azurix International","Enron"]}