Oil & Gas

Contractor rates could be cut by up to 15%

Oil and gas workers could face cuts of up to 15% in the New Year it has been revealed. BP, Royal Dutch Shell, Total and Chevron have called for sharp reductions in the rates which contractors are paid. It comes just weeks after WGPSN said it would cut contractor rates by 10% and salaries would be frozen from January. According to reports, recruitment group Hays confirmed that the falling oil price has led to pay cuts for contractors.

Oil & Gas

Apache cuts contractor rates by 10%

Apache has cut its contractor rates by 10% according to reports. The move comes just a day after WGPSN revealed it would be making 10% cuts to its contractor rates, as well as freezing salaries from January. It follows a previous 10% cut for UK-based onshore contract workers in May.


Opinion: I’m in the wrong job

The decision by Wood Group PSN to chop the rates paid to its limited company offshore and onshore contract workers and freeze the pay of most onshore employees here in the UK comes as no surprise. Wood Group PSN is right to take a stand, especially on the issue of independent contractors, given the rates that they have been able to command over the past decade or so. OK, this is the second reduction that the group has sought to impose on the so-called IR35 brigade, bringing the total cut announced this year to approaching 20% for some.