Lendlease CEO Tony Lombardo faces investor pressure to exit US and UK construction operations, potentially cutting 1000 jobs.

Embattled Lendlease CEO Tony Lombardo faces investor pressure at a strategy meeting as he outlines the global property giant's future direction. Disenchanted investors push for Lendlease to exit US and UK construction operations, potentially cutting 1000 jobs in a 6800-strong workforce. Citi analysts expect earnings downgrades post-update, emphasizing the significance of the event.

May 26, 2024
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