Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
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.
WHAT DO YOU THINK?
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.
- Planning for Pivotal Moments: Operating at the Forefront of Commissioning (Dec 26)
- Wood Study Explores Modular Options for Hammerfest LNG (Aug 29)
- OTC 2018: Wood Sees Its Digital Business Expanding in Future (May 01)
Company: AMEC Foster Wheeler plc more info
- Amec Foster's First-Half Trading Profit Falls, Margins Improve (Aug 10)
- UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition (Aug 02)
- British Oil Probe Shows Value of Reading the Small Print: Gadfly (Jul 12)