Michael Baker Corp. expects revenue to decline 4 percent to 5 percent this year largely from tighter public budgets for its engineering and construction services, the company said Tuesday after posting a quarterly loss.
Based in Moon Township, Michael Baker executives said state and federal belt-tightening — along with funding uncertainties from government sequestration cuts that began Friday — would dampen revenue this year.
To offset lower revenue, Michael Baker expects to save about $1 million this year in occupancy costs by shuttering an unspecified number of small project offices, said spokesman David Higie. He could not say how many jobs could be cut as a result. The company eliminated 150 jobs last year in a cost-cutting initiative that reduced operating costs by $21 million.
The company has at least one office in the midstate.