EMEC cuts jobs as part of restructuring
- Business & Finance
The European Marine Energy Centre (EMEC) will make redundancies as part of restructuring process to ensure the company can respond to wave and tidal industry market demands.
Neil Kermode, EMEC’s Managing Director, said the restructuring would take place over the coming months and the staff would receive the necessary support to go through the process.
Kermode said: “The last year has been particularly difficult for the industry, and due to current market conditions I am going to have to restructure EMEC. Regrettably this will mean redundancies.
“We are all operating in a constrained financial landscape, and funding for R&D is tight, so it is of utmost importance that EMEC remains dynamic and can react quickly to the market as it changes. The restructure will focus on how we can continue to meet the needs of the industry.”
Kermode added that the restructure would not have negative impacts on the services EMEC provides.
“We will ensure that EMEC retains the capacity to meet the needs of our customers, as well as the wider industry, now and in the coming months and years,” Kermode said.