FMC Technologies cuts another 400 jobs

FMC Technologies, a Houston-based provider of equipment and services for the energy industry, is reportedly cutting 400 jobs.

According to Offshore.no, the company made this move due to market decline and informed the workers yesterday, June 10, 2015.

The news website further explains that the decision means that all the departments across Norway could be affected by it.

These cuts are in addition to those announced in February 2015 when the company, looking to slash costs, axed 2000 jobs.

Offshore Energy Today reached out to FMC Technologies seeking confirmation and further details. Should there be more info, the article will be updated accordingly.

Update: June 11, 2015; 22:53 CET

In an e-mail sent to Offshore Energy Today, FMC Technologies confirmed the downsizing and added:

“FMC Technologies announced earlier this year that up to a ten percent reduction in the company’s global workforce might be necessary due to the market downturn. We, like others, have had to adapt our capacity to the demanding market situation. We have spent time trying to find solutions to avoid downsizing, as this process is difficult for everyone involved.

“Unfortunately, the present level of staff was taken on to handle a much higher volume than what our current forecast shows. Therefore, a reduction is necessary to adjust staff numbers to the expected activity level and strengthen our future competitiveness. Up to 400 positions in our Eastern Region Subsea organization may be affected by these changes.”

Offshore Energy Today Staff