Oil & Gas

Hunting begins programme ‘of headcount reductions’


Energy services firm Hunting is set to reduce its headcount in line with a number of companies following the decline in oil prices. The Aberdeen-based company has also not set a financial target for 2015 ahead of announcing its preliminary results for 2014 later this week. Hunting said expenditure estimates for Hunting’s customers for the year ahead were continuing to evolve rapidly in light of changing oil prices. A spokesman said the company is re-aligning its business units to fit with the new operating environment which included the launch of "programmes of headcount reductions as and where necessary."