Petrofac cuts up to 160 offshore oil and gas jobs mainly from its UK workforce, less than a year since it last cut the amount of workers on its books.
Jersey registered Petrofac has given little details on the exact area of its business looking to get hit, however a statement released by the firm hints towards its UK workforce.
According to a Petrofac spokesman the company is looking to merge its currently segmented UK businesses, onto a single entity, in a bid to save costs.
The Petrofac spokesman said: “Integration of our UK services will deliver a streamlined and effective business which is designed to ensure we remain competitive and sustainable against a challenging industry backdrop.”
A Petrofac spokesperson said: “Under our current proposals the positions potentially at risk represent less than 10% of our entire UK population and will be spread across our operating centres.”
Adding: “We’re making every effort to minimise the impact on our 1,900 UK employees.”
In 2015 Petrofac twice moved to reduce its workforce; once in April and once in November.
The second reduction came after a host of North Sea production companies moved workforces on to equal time rotations to save costs from mobilisation personnel through what is commonly seen as the hugely overpriced city of Aberdeen.
The second reduction came after a host of North Sea production companies moved to reduce costs, by stemming the flow of workers through what is commonly seen as the hugely overpriced city of Aberdeen, by implementing equal time work rotations.
Petrofac had to come into line with the employing production companies, and also move their workforce onto the new rotations, bringing the teams required on each offshore asset from three to two.