Bristow Helicopters To Cut 130 Jobs
Bristow Helicopters have confirmed they are to cut 130 jobs across the UK, due to the ongoing reduction of activity in the North Sea.
A statement from the company read:
"Bristow Helicopters Ltd can confirm that its operations in the UK continue to be impacted due to the ongoing reduction of oil and gas activity in the North Sea, as our clients make permanent changes to their cost structure and operational practices.
"The company has taken numerous measures to reduce costs by working closely with clients to improve operational efficiencies, eliminate discretionary spending, defer capital spend, and offer voluntary redundancy. However, we have not been able to reach the level of cost reduction needed and approximately 130 personnel may be affected by redundancy in the UK.
"These are difficult yet necessary proposals as we continue to align our cost structure and capacity to that of our clients in this rapidly changing, highly competitive helicopter transportation market. The company is consulting with the trade unions and employees on these proposals. Bristow employs approx. 1,950 people in the UK.
Bristow is fully committed to ensuring the highest levels of safety standards are maintained throughout this difficult process."
Since last summer, thousands have jobs have been lost from the industry, due to the continuing fall in the price of oil.