Amsterdam: Dutch platform leasing firm SBM Offshore will axe a further 300 jobs in addition to the 1,200 redundancies it announced last year. SBM Offshore blamed the low oil price for the job cuts, stating that many customers have recently postponed investment plans.
“A continuously challenging macro environment has impacted the turnkey segment as clients postpone investment decisions,” chief executive Bruno Chabas said in a statement.
SBM Offshore is the world’s largest FPSO leasing company. It has come under fire in recent months for its alleged involvement in the Petrobras corruption scandal in Brazil.