Offshore hydraulic specialists, Hydrasun, is looking to cut its workforce, many of which are based at its Aberdeen headquarters.
The Aberdeen based firm specialises in hydraulic power and control; subsea umbilicals and connectors; as well as instrumentation and control systems for the offshore oil and gas industry.
The firm is currently in the process of consulting around 97 out of a total workforce of 592, of which, 338 are based at its Aberdeen HQ.
Oil And Gas Job Cuts
The firm realised a statement, saying: ‘Hydrasun is currently experiencing significant challenges in the face of the severe downturn in the oil and gas industry.’
‘Unfortunately, the consequential effect of this is that the business cannot sustain its current cost base and we are therefore currently considering a number of possible options with regards to achieving substantial cost reductions.’
‘While the detail of these options has yet to be finalised, the situation is that up to 97 positions within our Aberdeen HQ operations are being considered for possible redundancy, along with a potential pay cut of up to 12%.’
‘We have commenced the consultation process with our staff and expect to have this completed and the final details confirmed by the end of October.’