SBM Offshore letting go of a further 300 people

SBM Offshore letting go of a further 300 people

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.

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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