Expro announces more job cuts
- Business & Finance
Expro, a UK-based oilfield services provider, pressured by the challenging market conditions, is gearing up to cut 60 positions across its Europe and Commonwealth of Independent States (CIS) operations. The majority of these are expected to be in the UK, the company said in an e-mail on Thursday.
Neil Sims, Vice President for Expro’s Europe CIS region, commented: “It is nearly a year since the industry experienced the initial oil price crash, and every attempt has been made to reduce the impact on our employees.
“In the initial stages we took a range of preventative cost reduction measures, and since then, we have worked with our customers, suppliers and employees to significantly reduce and manage costs.
“However we must align ourselves with the on-going market conditions and specifically, the continued decline in exploration and appraisal activity which has resulted in deferrals of major North Sea development projects. Very sadly, this means some further redundancies.
Sims said that the company would do everything it could to support its employees through this difficult time.
Expro provides services and products that measure, improve, control and process flow from oil and gas wells, from exploration and appraisal through to mature field production optimisation and enhancement.
The latest job cuts are in addition to the company’s announcement in March, when it said it would lay off 60 workers, mostly in Aberdeen.
Offshore Energy Today Staff