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.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.1 - Extraction of crude petroleum
300 jobs Number of planned job losses
Announcement Date
19 March 2018
Employment effect (start)
Foreseen end date
Description
Oil Company Total has announced plans to cut 250 jobs from its workforce in Aberdeen. The decision to cut jobs follows the takeover of French firm Maersk Oil, and the company's decision to review staffing after the acquisition. Currently around 1,500 staff work from the Aberdeen site and it is being reported that the affected jobs are all shore-based. The process of consulting affected employees has already started. Total has said the consultation process will examine possibilities for redeployment of affected staff.
Update: 07/05/2018: On 7th May Total announced that more than 300 of its workers in Aberdeen will be made redundant.
Sources
19 March 2018: BBC Website
7 May 2018: BBC News
Citation
Eurofound (2018), Total, Merger/Acquisition in United Kingdom, factsheet number 93905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93905.
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