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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.12 - Engineering activities and related technical consultancy
600 jobs Number of planned job losses
Announcement Date
5 October 2016
Employment effect (start)
Foreseen end date
Description
The oil and gas engineering company OneSubsea has announced that it has entered into a 45 day consultation over 600 proposed redundancies. The company currently employs 929 staff at its site in Leeds, West Yorkshire. It is being reported that the company is considering stopping manufacturing at the Leeds site in 2017. According to reports, the company has decided to review its staffing following the reduction in demand affecting the entire oil and gas industry. The final numbers of employees affected and the timing of job losses will be confirmed following the completion of the consultation period.
Sources
5 October 2016: BBC Website
Citation
Eurofound (2016), OneSubsea, Internal restructuring in United Kingdom, factsheet number 88894, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88894.
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