Sector News

Rowan Drilling to reduce headcount

April 24, 2015
News
Rowan Drilling UK is said to be considering reducing its headcount by up to 900 positions.
 
The Aberdeen-based company is understood to have issued an “at risk notice” to its entire workforce.
 
According to reports, offshore employees of Rowan Drilling UK North Sea have also received a second communication which notified them the redundancy consultation process had begun.
 
A letter to staff states the reduction in staff is being made as the company faces the current challenges within the oil industry.
 
A number of companies including BP, Shell and Halliburton have made redundancies as a result of the oil price decline.
 
The note to staff says the “dramatic reduction in the price of oil, coupled with escalating costs, has led to a slow-down in drilling activity.”
 
The company’s three rigs, the Rowan Gorilla V, Rowan Gorilla VII and Rowan Stavanger, have around 300 crews on each.
 
Source: Energy Voice

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach