Another 300 staff face the chop at Wood Group

Another 300 staff face the chop at Wood Group

Oil services firm Wood Group will axe another 300 UK office-based staff from its North Sea operations.

“We are streamlining our structure and our processes to reduce costs and an inevitable outcome of this is an impact on our employee numbers,” said cfo David Kemp.

Wood Group has already laid off staff in the downturn and is negotiating pay cuts at the moment too.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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