Financially struggling Prosafe, the world’s top accommodation rig provider, is implementing a reorganisation of the group’s shore-based business and is cutting the size of its group management team.
Robin Laird, current deputy ceo, will assume the position as acting cfo, while Stig Christiansen continues as acting ceo.
The board of directors is still hunting for a new ceo.
“The rationalisation is necessary to ensure that the Prosafe group remains competitive in the current difficult market conditions and in a solid position for future growth when the industry starts to recover,” the company said in a release.
The proposed workforce rationalisation, meanwhile, is designed to help reduce annual costs by between $30m to $40m a year.
In addition, the target is also to reduce capex spend noticeably in the near and medium term.
