Repsol has blamed UK authorities tax “insurance policies and hostile financial circumstances” because it as confirmed plans to chop jobs in its North Sea operations.
The Spanish power agency mentioned 21 in-house roles may very well be lower though it didn’t verify what number of jobs must go because it introduced its “new and extra environment friendly working mannequin”.
Nonetheless all the operator’s 1,000 North Sea employees and contractor roles might be up for overview, with Petrofac and Altrad the agency’s largest employers.
Many corporations are citing the overall market and UK fiscal insurance policies for the cuts.
This week North Sea decommissioning agency Effectively-Secure Options introduced plans to chop dozens of jobs on shore in addition to on its vessel, the Effectively-Secure Guardian. The agency which has invested tens of tens of millions in repurposing drilling rigs into items that may take away subsea oil and fuel infrastructure, mentioned the cuts have been attributable to a enterprise down flip which was a “knock-on results” of the windfall tax.
“Repsol UK has undertaken a overview of its operations at our offshore websites, which is able to end in a brand new and extra environment friendly working mannequin. The well being and security of our folks and supply of protected operations stay our precedence.
“We stay dedicated to thrive within the UK North Sea basin, however the UK authorities’s insurance policies and hostile financial circumstances make these adjustments obligatory.
“There might be organisational adjustments, and we’re in dialogue with the affected staff and can search to redeploy the place doable.”
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