Wood Group Aims to Grow Employment in Long-Term Following Amec Deal

Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.

Oilfield services company Wood Group has refused to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insisted that its aim was on growing employment in the long term.

“Our focus is on growth and creating employment opportunities in the longer term,” a Wood Group representative told Rigzone.

“It is inappropriate at the current time to talk about how many jobs may go,” the representative added.

Wood Group agreed to purchase rival Amec Foster Wheeler for $2.7 billion earlier this month. The merged company will employ 64,000 people, although it has been hinted that job cuts may occur where there is overlap.

Following the announcement of the deal, the UK’s Unite union demanded full disclosure from Wood Group and Amec Foster Wheeler on any employment plans that are part of the takeover.

“Unite is clear – we will make sure the rights of our members are protected during any transfer of employment, and we will fight to defend their jobs and pay,” Unite Regional Officer John Boland said in an organization statement at the time.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Andreas Exarheas
Assistant European Editor | Rigzone
 -  SNP MP: Scottish Oil Sector Growing, P... (May 26)
 -  Remote Operations Center Guide: Enter ... (May 26)
 -  TWMA Secures Jobs with New Maersk Oil ... (May 25)
 -  Hundreds of Dong Energy Workers to Tra... (May 24)
 -  Wood Group Indicates Potential Job Cut... (May 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Financial Reporting Analyst
Expertise: Accounting
Location: Houston, TX
 
Director Downhole Tool Engineering
Expertise: Electrical Engineering|Engineering Manager|MWD / LWD
Location: Houston, TX
 
Sr. Benefits Specialist
Expertise: HR - General
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours