The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas.

Fugro reported on September 22 that although the second half of 2025 is still expected to show a notable improvement compared to the first half, the previously anticipated 20% revenue growth is no longer realistic as a wide range of projects has been affected with significant changes in market conditions in recent weeks, with most experiencing postponements into 2026 and some being descoped, resulting in an estimated revenue impact of around €100 million.