Home / Business / OneSubsea: 600 jobs at risk at Leeds engineering firm

OneSubsea: 600 jobs at risk at Leeds engineering firm

OneSubsea

Image copyright
Google

Image caption

The company employs more than 900 people at a base in Stourton, Leeds

Up to 600 jobs are under threat at an oil and gas engineering firm in West Yorkshire.

Staff at OneSubsea have been told it was considering stopping manufacturing at their Leeds factory in 2017.

It blamed the “most severe downturn of the past 30 years” in the oil and gas industry, with “operators significantly reducing their investment”.

OneSubsea has 929 staff in Leeds. Some staff will remain at its site on Queen Street, Stourton, under the proposals.

In a statement, it said a drop in orders meant many of its plants were “underutilized”.

More on this story and others in West Yorkshire

Image caption

The firm’s parent company is Schlumberger

The firm, whose parent company is oilfield services giant Schlumberger, said it would hold a 45-day consultation period on the plans.

A spokesperson said: “This is only a proposal at this stage and we will be conducting consultation with the unions and employee representatives and make every effort to try and mitigate as much as possible the impact on our employees.”

In the past year, Schlumberger has announced thousands of worldwide job losses amid a plunge in oil prices.

According to its website, OneSubsea creates “integrated solutions, products, systems and services for the subsea oil and gas market”.

All copyrights for this article are reserved to bbc business

About admin

Check Also

Dignity cuts funeral prices amid growing competition

Image copyright Getty Images Dignity, the UK’s only publicly-owned funeral business, is cutting the price ...