Report: GE Oil & Gas to cut jobs to reduce costs

GE Oil & Gas is reportedly set to start staff cuts in an attempt to reduce costs. 

According to Evening Express, Aberdeen’s daily newspaper, the company has begun the restructuring process which includes job cuts.

Evening Express quotes GE Oil & Gas spokesperson as saying: “GE Oil & Gas has started restructuring projects to reduce the cost structure of the business.

The spokesperson also added that: “This includes proposals to reduce employment, which is a decision we don’t take lightly but one we must undertake for the long-term health of the business.”

The oil company operates worldwide and employs more than 45,000 people.

Offshore Energy Today reached out to GE Oil & Gas seeking confirmation of these reports as well further info on location and number of employees that might be affected. Should there be more info, the article will be updated accordingly.

Elsewhere in the oilfield services sector, Schlumberger has announced massive cuts, saying it will let go off 11,000 workers.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply