Sector News

160 jobs on the line as Petrofac integrates UK services

January 12, 2016
News

Petrofac expects to conclude a consultation with its workforce this month, with up to 160 jobs set to be cut from across its operations.

The company recently completed a reorganisation to maintain cost-effectiveness and sustain a strong competitive position in a continuing difficult period for the industry.

A Petrofac spokesperson told the media:

‘We’re constantly looking for ways to make our business as cost efficient and delivery-focused as possible.

‘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.

‘We’re making every effort to minimise the impact on our 1,900 UK employees.

‘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.’

Source: Oil Voice

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