Unite demands info on jobs as Wood Group talks further cost savings

Unite, UK’s largest offshore union, has repeated its calls for transparency on jobs, in relation to the proposed merger of oilfield services giants Wood Group and Amec Foster Wheeler.

Wood Group on Wednesday said it expects for its cost savings stemming from the AFW takeover to be 36 percent higher than previously estimated. These would be achieved through quantified cost synergies, efficiencies and reduction of duplicate costs across the board.

Following the announcement the union has called for more info on what these cost savings mean for the jobs in the UK.

Unite regional officer John Boland said: “We have met with Wood Group since the announcement of their merger with Amec Foster Wheeler, and asked them specifically about the possible impact. But we have still not been given details of the company’s plans on jobs.

“It is incredibly disappointing that the company are making public statements about efficiency savings, without first speaking to workers and their representatives about what that means. We need full transparency and consultation over any future changes that will affect staff.”

Offshore Energy Today has reached out to Wood Group seeking more info on any potential job cuts.

This is what the company said in an emailed response: “We are not able to comment on any expected cuts at this at this time as we are still undertaking our assessment of the potential integration but there will be some operational and administrative restructuring required.  However both businesses are people businesses, we therefore attach great importance to the skills, capabilities and experience of our workforce as they are the key to our success. The purpose of the deal is to target growth and new markets which in the longer term is an employment creator.”

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

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