Wood Group Consults with 1000 Staff as Firm Looks to Make More Job Cuts
Oil and Gas service firm Wood Group is to consult with around 1,000 UK onshore staff as it seeks to make further reductions to its headcount. Oil and Gas People has learned up to 300 jobs could be cut.
The Aberdeen-based company said it took the decision “in response to continuing cost and efficiency challenges affecting the oil & gas sector and to strategically position the company to remain competitive both now and in the future”.
David Kemp, Wood Group’s chief financial officer, said: “We are firmly committed to supporting the long-term sustainability of the industry in the North Sea and maximising economic recovery by ensuring we are fit for purpose, flexible and strongly equipped to deliver efficiently and effectively.
The firm caused a backlash in the North Sea last month when it announced the 3rd round of cuts to affect their offshore staff working on Shell projects. Industrial action is said by the unions to be on the cards.
