Search results for: workforce-reduction

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A list of search results

  • 29 November 2019
    Business & Finance

    Workforce reductions will occur both in and outside Denmark.

  • 31 October 2016
    Business & Finance

    The trade union CNV Vakmensen has agreed to the social plan related to Royal Boskalis Westminister’s fleet rationalization, announced in July.   Mid-September, Boskalis’ Dutch Works Council agreed to the fleet rationalization and the related social plan. Boskalis will start with the implementation of the plan in November. In the coming two years, 24 vessels […]

  • 22 August 2012

    Vestas had previously announced the workforce would be reduced by 2.335 by the end of 2012, these reductions are ahead of schedule and to reach that number 1.100 employees will be made redundant by the end of September 2012. Further employees will then be made redundant before the end of the year bringing the total […]

  • 11 June 2015
    Business & Finance

    Dutch shipbuilder Royal IHC has announced its plans to cut 1,100 temporary and 487 permanent jobs as a direct result of the rapidly deteriorating market. The company will close two of their four manufacturing locations, including the facility at Hardinxveld and all production work done near the company’s headquarters outside of Dordrecht, Zuid-Holland, leaving the Kinderdijk and Krimpen […]

  • 1 May 2020
    Business & Finance, Human Capital, Market outlooks

    Dutch subsea and survey specialist Fugro said it will reduce its workforce by up to 10 per cent due to challenging market situation. The company posted loss before interest and taxes of €26 million for the first quarter 2020, against loss of €19 million in Q1 2019. Fugro recently announced a programme to significantly reduce […]

  • 16 January 2015

    As unions in the UK enter into crisis talks with oil and gas chiefs in Aberdeen today, offshore union RMT has released an improvement notice served on BP by the HSE UK. RMT says that the notice exposes the inherent dangers of axing staff when a backlog of essential works is being allowed to stack […]

  • 27 August 2015
    Business & Finance

    Cargotec’s MacGregor is planning to lay off around 100 employees at MacGregor Uetersen site in Germany by year’s end, citing weak market demand as the main reason behind the layoffs. MacGregor says that market situation has deteriorated due to the low oil price and low number of new merchant ship orders. The company expects to save around […]

  • 27 August 2015
    Business & Finance

    Cargotec’s MacGregor is planning to lay off around 100 employees at MacGregor Uetersen site in Germany by year’s end, citing weak market demand as the main reason behind the layoffs. MacGregor says that market situation has deteriorated due to the low oil price and low number of new merchant ship orders. The company expects to save around […]

  • 21 January 2015

    Baker Hughes, the world’s third largest oilfield services provider behind Schlumberger and Halliburton, has said it will lay off thousands of workers in the first quarter of 2015 as the industry is entering a slow cycle. The company which despite a significant downfall in oil prices, yesterday reported a record fourth quarter revenue of $6.6 […]

  • 1 March 2016
    Business & Finance, Operations & Maintenance

    Norwegian shipowner Farstad Shipping has decided to reduce the size of the organization at the office in Aalesund with 26 positions. In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. Farstad Shipping recorded a net loss of NOK 1.32 billion for the fourth quarter on impairments […]

  • 16 June 2015
    Business & Finance

    Statoil has estimated potential workforce reduction at 1,100 – 1,500 permanent employees by end 2016.  In addition Statoil will further reduce the number of consultants by around 525. The estimate for workforce reductions reflects the STEP efficiency potential and further corporate improvements over the coming 18 months. “We regret the need for further reductions, but the […]

  • 6 October 2015
    Business & Finance, Operations & Maintenance

    Oil services company, Subsea 7, has decided to adjust its offshore workforce capacity in Norway after a continued decline in activity levels. According to Norwegian media reports, about 70 employees will lose their jobs, bringing it to a 37 per cent reduction of Subsea 7’s Norway offshore staff. The Oslo-listed company was already forced to implement necessary […]

  • 16 June 2015

    Statoil informed that in its effort to standardise, simplify and increase efficiency across the company, it has estimated the potential workforce reduction at 1,100 – 1,500 permanent employees by end 2016.

  • 31 October 2016

    Dutch energy and dredging services provider Royal Boskalis Westminster N.V. (Boskalis) has informed that the trade union CNV Vakmensen has agreed to the social plan related to the company’s previously announced fleet rationalization. To remind, Boskalis said in July this year it would take 24 vessels out of service in the next two years, 14 […]

  • 31 October 2016
    Business & Finance, Project & Tenders

    Royal Boskalis Westminster N.V. recently announced that the trade union CNV Vakmensen has agreed to the social plan related to the previously announced fleet rationalization. Few weeks ago, the Dutch Works Council of Boskalis agreed to the fleet rationalization and the related social plan. In November, the company will start with the implementation of the […]

  • 16 June 2015

    Statoil informed that in its effort to standardise, simplify and increase efficiency across the company, it has estimated the potential workforce reduction at 1,100 – 1,500 permanent employees by end 2016.

  • 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 […]

  • 2 May 2014
    Business & Finance

    TTS Group has decided to implement measures to reduce costs in Norway and Germany. Due to a weaker market than expected in the offshore and heavy lift sector, the Group will during the first half of 2014 implement a workforce reduction of approx. 10% of the total workforce in the group. Today the total workforce […]

  • 2 September 2015
    Business & Finance

    ConocoPhillips, the U.S. exploration and production independent, will cut its headcount by around ten percent, with North America the most affected. This means that around 1.800 workers will be let go, as the company’s present global workforce stands at 18.100. “We’ll know more in the next several weeks as we work through our formal process. […]

  • 2 May 2014
    Business & Finance

    TTS Group has decided to implement measures to reduce costs in Norway and Germany. Due to a weaker market than expected in the offshore and heavy lift sector, the Group will during the first half of 2014 implement a workforce reduction of approx. 10% of the total workforce in the group. Today the total workforce […]

  • 2 May 2014
    Business & Finance, Equipment

    TTS Group has decided to implement measures to reduce costs in Norway and Germany. Due to a weaker market than expected in the offshore and heavy lift sector, the Group will, during the first half of 2014, implement a workforce reduction of approx. 10% of the total workforce in the group. Today the total workforce […]

  • 28 May 2020
    Business & Finance

    Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reduction would affect the non-permanent workforce. Discussions with employee representatives […]