Search results for: layoffs

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A list of search results

  • 21 January 2013
    Business & Finance

    Wind and industrial gear manufacturer and service provider Moventas Gears Oy has today completed the cooperation negotiations it started with its Finnish staff on 7 January, 2013. Moventas seasonally adjusts its capacity to match the market situation by temporary layoffs of a minimum of two weeks. Moventas Gears Oy has today agreed with its Finnish […]

  • 30 January 2006

    Electric Boat has given 222 workers layoff notices today. Most of the layoffs

  • 13 May 2016

    Dozens of jobs will be cut in Louisiana in the following months, due to, in part, low oil prices, Louisiana Workforce Commission has informed. In a statement this week, the commission said that four Louisiana employers recently issued Worker Adjustment and Retraining Notifications (WARNs). Companies are required to file WARNs under the federal Worker Adjustment […]

  • 17 November 2016

    Siemens Subsea is set to lay off more than 150 people in the UK and Norway combined, citing a lack of new orders due to low oil prices. The company on Thursday said 95 positions in Norway and 60 employees in the UK would be affected. In its statement, Siemens Subsea said that the drop […]

  • 14 September 2006

    BATH, Maine – Bath Iron Works broke with the past practice of consulting with the Machinist Union beforehand when it announced the layoffs of 30 workers, the union president said. The union is disappointed that it was not consulted, Local S6 President Mike Keenan said. In the past, discussions have sometimes helped to avoid layoffs, […]

  • 31 May 2006

    A $29 million repair contract with the U.S. Navy will delay some layoffs at the Electric Boat shipyard. The new work delays some of the layoffs scheduled for the second quarter at the shipyard. EB will provide routine maintenance and modernize systems on the USS Miami, a fast-attack submarine. Most of the work will be […]

  • 29 September 2016
    Business & Finance, Equipment, Operations & Maintenance

    Technip Offshore Finland is reportedly sending home its entire workforce employed at construction yard in Pori. The manufacturing yard in Finland, lately responsible for delivery of a 23,000-ton truss spar hull for Anadarko’s Heidelberg field development in the US Gulf of Mexico, has experienced a sharp decline in new orders. The last report about new orders […]

  • 17 August 2005

    Northrop Grumman expects to lay off 900 employees, 500 of them in Pascagoula, by the end of the year. Phil Teel, president of Northrop Grumman Ship Systems, said a dip in the number of contracts that have been awarded to the company over the past few years led to the layoffs. The company had anticipated […]

  • 29 January 2014

    Wartsila has started a process to realign its organisation to secure future profitability and competitiveness. The group-wide efficiency programme is expected to lead to a reduction of approximately 1,000 employees globally, of which about 200 are planned to be in Finland. The reductions will impact all businesses and support functions. With these actions Wärtsilä seeks […]

  • 30 March 2020
    Infrastructure, Ports & Logistics

    Finnish Konecranes has unveiled intentions to temporarily lay off some 2,000 employees as a result of coronavirus impact on the company’s operations. The company said it has invited Finnish works council representatives to negotiations regarding the layoffs which would cover all of Konecranes’ Finnish operations. The layoffs are primarily driven by the business disruption caused by […]

  • 30 March 2020

    Finnish Konecranes to temporarily lay off some 2,000 employees.

  • 12 December 2014

    World’s second largest provider of oilfield services, Halliburton, will let a thousand workers go, according to reports. The layoffs will affect workers in Europe, Asia, Africa and Middle East, while there will be no workforce cuts in America. Reportedly, Halliburton spokesperson told AFP that the job cuts were necessary for Halliburton to work through challenging market […]

  • 4 May 2015

    The oil & gas industry currently suffers a shortage of mid-career professionals primed for leadership & supervisory roles, the legacy of the last oil price downturn in the 1980s to mid-90s, Douglas Westwood, an energy industry intellignce group, writes in its DW Monday report.   At that time the industry endured significant job losses, and […]

  • 12 January 2016

    Aibel, a Norwegian service company for the oil and gas industry, has reportedly decided to trim its workforce some more. The company which in the past two years cut its headcount by more than 700 workers due to spending reductions by the oil companies, will lay off a 100 workers more, Stavanger’s Aftenbladet reported Monday. […]

  • 15 May 2017
    Business & Finance

    Royal Boskalis Westminster has completed a study into the costs of its head office organisation, and will target total cost savings of EUR 30-35 million, resulting in the loss of around 230 jobs.

  • 16 June 2015

    Norwegian oil and gas giant Statoil has confirmed it will be laying off up to 1,500 permanent employees by the end of 2016.  Offshore Energy Today recently reported that Statoil might be reducing its workforce by 2,000 positions starting next year. The effort to standardise, simplify and increase efficiency across Statoil enters the next phase, the […]

  • 15 May 2017
    Business & Finance

    Royal Boskalis Westminster has completed a study into the costs of its head office organisation, and will target total cost savings of EUR 30-35 million, resulting in the loss of around 230 jobs.

  • 16 September 2015
    Business & Finance

    Newport News Shipbuilding, a division of U.S. shipbuilder Huntington Ingalls Industries (HHI), has started the layoff process of 480 employees. “While this is a very difficult decision, it is a necessary step to effectively control our costs and successfully manage our business during a decline in work.  It is something we take very seriously and is a […]

  • 13 October 2016
    Business & Finance

    Norway’s Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement for the provision of 3D CSEM data from the multi-client data library in the Barents Sea. The agreement, with an undisclosed client, will provide net revenue of $1 million to EMGS, the company said on Thursday. The revenue will be recognized in the fourth […]

  • 26 March 2020
    Business & Finance

    Wallenius Wilhelmsen has launched temporary layoffs in the USA and Mexico in line with automaker plant closures.

  • 12 June 2015
    Business & Finance, Equipment

    French cable giant Nexans is downsizing its European workforce as it launches a new savings project aimed to respond to market challenges. The company said that the project may involve all European countries and in particular France, Norway and Germany. As earlier reported, the Norwegian division, namely the Halden factory, was already affected in April, with […]

  • 16 September 2015
    Business & Finance

    Newport News Shipbuilding, a division of U.S. shipbuilder Huntington Ingalls Industries (HHI), has started the layoff process of 480 employees. “While this is a very difficult decision, it is a necessary step to effectively control our costs and successfully manage our business during a decline in work.  It is something we take very seriously and is a […]