HUNDREDS of jobs are to go as part of a cost-cutting exercise, a firm announced today.
Subsea 7, which has offices in Tullos and Westhill, is slashing its onshore workforce by up to 410.
The posts will go in the North-east and London, but the firm declined to say how the losses would be spread.
Subsea 7 is one of the world’s biggest contractors in seabed-to-surface engineering, construction and services to the offshore industry.
Staff and contractors were told today the posts would be shed by the end of the year.
The firm said “every effort” would be made to limit the number of compulsory redundancies during a period of consultation.
Subsea 7 vice-president for UK and Canada, Phil Simons, said: “Today’s announcement of the need to reduce our UK onshore workforce is regrettable but sadly unavoidable.
“These proposed redundancies follow a continued trend of project delays and cancellations witnessed across the UK’s oil and gas industry that have impacted our activity levels, making it necessary to size our business base to align with our workload as well as consolidate various functions across the UK.”
He said Subsea 7 was maintaining its “core expertise in preparation for when the activity levels pick up again”.
But he added: “In the meantime, we remain committed to implementing the necessary cost reduction measures and efficiency improvements to protect our business through the downturn.
“Subsea 7 UK will maintain its focus on providing clients with cost-conscious, fit-for-purpose solutions, in a move to competitively position the company for opportunities when the market improves.”
The global workforce is to be cut by 2,500 by early 2016 and its will be reduced by up to 11 vessels.
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