The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
170 jobs Number of planned job losses
Announcement Date
7 October 2015
Employment effect (start)
Foreseen end date
Description
Oil company Bilfinger Industrial Services is reported to be in the process of cutting 170 jobs at the Sullom Voe oil terminal on Shetland. The decision follows a sharp fall in the price of oil and Bilfinger's approach has been mirrored by other companies operating in the sector. Sullom Voe terminal is also experiencing additional hardship as oil which had previously been processed at the terminal is now being directed to Rotterdam which has better technical capability. Bilfinger has confirmed that a consultation is underway for the 170 affected jobs, though it is not known when this will conclude and the first dismissals will take effect.
Sources
7 October 2015: Shetland News
Citation
Eurofound (2015), Bilfinger Industrial Services, Internal restructuring in United Kingdom, factsheet number 85161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85161.
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