Technip to slash 130 UK jobs

French oilfield services company Technip is set to cut around 130 jobs at its UK Subsea Delivery business in Aberdeen. 

Following reports that the French company is proposing to cut jobs at its UK business, Offshore Energy Today has reached out to the oilfield services firm seeking confirmation as well as further details about the reported round of redundancies.

In a phone call with Offshore Energy Today, a spokesperson for Technip confirmed the company is entering into a period of collective consultation with its workforce which will last for 45 days. The company is proposing to cut around 130 jobs out of 600 at its UK Subsea Delivery business.

The spokesperson further added that redundancies are being proposed to reflect the significantly reduced activity levels being experienced across wider industry, which are subsequently impacting the local subsea sector.

In the summer last year, Technip announced plans to slash 6,000 jobs, as a response to the challenging environment in oil and gas sector, looking to save €830 million, of which €700 million to be delivered in 2016 and the balance in 2017.

The French company is in the process of merging with the U.S. subsea equipment specialist FMC Technologies as per the agreement announced in May this year.

The proposed merger received an approval from the United States antitrust regulators but still remains subject to other closing conditions, including approval of Technip and FMC Technologies shareholders, the conclusion of antitrust review in other countries, other regulatory approvals and consents, as well as other customary closing conditions.

The article has been updated with a statement from Technip. 

Offshore Energy Today Staff