Oil and Gas News
Worley Cuts 3,000 Jobs in Response to Covid-19 and Oil Crash
Worley has revealed its response to the coronavirus pandemic and oil price crash has seen the company cut 3000 jobs globally.
Worley said that between January 31st and March 31st this year it has cut its global headcount from 59000 to 56000, representing a 5% cut.
Previously the company had confirmed it was in a redundancy consultation process with its North Sea workers but did not reveal how many cuts would be made.
It is unclear where the jobs have been cut in terms of location but only last week the VP for operations in the UK, Shaun Poll, said that Aberdeen workers would be let go.
Worley chief executive Chris Ashton said: “We are responding with agility to the rapidly changing environment.
“We are ensuring the safety and wellbeing of our people; we have increased our liquidity position and we continue to review and adjust the business operationally.
“I am proud of our people as they demonstrate resilience and harness their ingenuity and expertise supporting customers, colleagues and communities.”