Oil and Gas News
KCA Confirm 500 Job Cuts Globally
Further to KCA Deutag announcement yesterday that it was to reduce it's North Sea staff by 230 personnel, KCA Deutag have announced this morning that a greater staffing reduction is to take place globally, a further 270 staff are to be let go from global operationsIn a statement, KCA Deutag has explained the company is preparing for what is expected to be a challenging year for the industry overall, due to the declining oil price.