Amec Foster Wheeler, a provider of services for the international energy industry, announced on Tuesday it will reduce rates paid to agencies for Aberdeen-based offshore and onshore contract workers.
The company plans to slash the rates for its offshore and onshore contractors by 7.5% by February 8, 2016.
Alan Johnstone, Amec Foster Wheeler’s Managing Director for Upstream Asset Solutions, said: “The industry continues to face challenging times and after much consideration, we have taken the difficult decision to reduce contractor rates.
“We are determined to keep our business and the industry sustainable for the long term and this is just one of many measures to address cost and efficiency.”
Johnstone added: “We are committed to continually improving the way we work and our cost base so we can offer our customers cost effective services whilst strengthening the UKCS as an attractive long term market for the future.”
This move arrives only one day after Amec Foster Wheeler CEO Samir Brikho stepped down. The company’s Chief Financial Officer Ian McHoul was appointed into the role of interim CEO with immediate effect until new CEO is found.
As a response to the low oil price, Amec Foster Wheeler last year reduced its workforce in Aberdeen.
Offshore Energy Today Staff