Sector News

Ensco in further job losses as onshore jobs hit

September 10, 2015

Ensco will reduce its onshore support jobs by a further 14% in a bid to streamline costs amid the continued decline in oil price.

The offshore driller previously said earlier this year it had halved its onshore workforce by 50%.

Ensco also plans to reduce its reporting structure in its global operations from five to three business units.

The company has also increased its offshore labour cost savings by a further 6%.

Ensco currently employs an estimated 8,500 people globally.

The move is expected to help generate a combined savings of $57million on an annual basis, the company said.

Source: Energy Voice

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