According to reports, Technip UK Limited, a UK subsea engineering and construction division of the French oil services provider, is set to cut up to 130 jobs out of a total of 600.

The company claimed its decision being the result of difficult conditions in the oil and gas industry, specifically the subsea sector, caused by significantly reduced activity levels.

Technip said it will enter into a period of collective consultation with its workforce in Aberdeen, expected to last some 45 days.