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

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