A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
French industrial services giant Altrad saw pre-tax earnings drop last year as it fully integrated UK firm Cape into its business.
A survey from the UK’s largest offshore union has found high levels of job insecurity among the contractor workforce in the North Sea.
Industrial services firm Altrad said its half-year results showed its efforts to integrate companies acquired in recent years had been a “tremendous success”.
A trade union boss said he was “astonished” by Sparrows Group’s decision to exit the UK representative body for offshore oil and gas contractors.
Altrad said today that its £332m acquisition of Cape in 2017 was the main driver of record financial results at the industrial services giant.
Union officials said today that the Offshore Contractors' Association (OCA) would make a revised pay offer for North Sea workers.
Think of Cape, think of scaffolders.
Trade union officials and employers will hold crunch talks over offshore workers’ pay this week in a bid to avert widespread strikes in the North Sea.
Altrad said it had taken a huge "stride" towards becoming a world leader in industrial services thanks to its acquisition of Middlesex-based Cape.
French construction group Altrad has posted record results, saying the performance was driven by 2017 acquisition of Cape.
French construction group Altrad said yesterday its new UK operations, including offshore oil and gas business in the North Sea, were a key part of its growth strategy.
French group Altrad said today that its takeover proposals for industrial services giant Cape has satisfied the UK competition watchdog.
Hundreds of Aberdeen-based workers in the offshore operations of industrial services giant Cape are poised become part of French group Altrad in September after the two firms agreed a £332million-plus takeover.
Industrial services provider Altrad said today that it had struck a takeover deal for Cape.