Heerema to cut 250 jobs to adapt to lower work volumes

Dutch company Heerema Marine Contractors (HMC) has informed of its intention to cut 250 jobs as part of a restructuring of the company.

HMC said on Tuesday that the restructuring was related to the continuing low oil price and historic low investments in the oil and gas industry resulting in an increasingly competitive market.

“With market conditions and the outlook further deteriorating since the start of this year, the restructuring focuses on adapting HMC to decreased work volumes and on enhancing the cost efficiency and competitiveness of the company,” the company said.

As a result of the intended restructuring, HMC will reduce its workforce by around 200 worldwide office personnel and around 50 fleet personnel.

Heerema added that the management added that the company had already informed the staff of the intended plans.

All changes are subject to consultation with the relevant stakeholders. The company said that, as a first step, the company asked for advice from the Works Council of HMC in The Netherlands.

“HMC will do everything possible to support those affected and has also entered into discussions with the trade unions about a severance package,” added Heerema.

Frans den Houter, executive board member of HMC, said: “We are deeply sorry to have to consider this restructuring, resulting in a loss of colleagues, who every day put so much passion into their work and have helped in establishing our position as a leading company in the offshore industry.

“We will do our utmost to support them throughout this difficult period and disruption to their lives. At the same time, we are convinced that these decisions are crucial for the continuity of HMC.”

The company did state that, with this restructuring, there was a clear intention to strengthen HMC and continue to serve its customers as a marine contractor in the international offshore, oil and gas, and wind energy markets.

Share this article

Follow Offshore Energy Today

Posted on October 24, 2017 with tags , .

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

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

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