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redundancies

Oil & Gas

Making redundancies after Covid-19

With the tapering of the Government’s Coronavirus Job Retention Scheme (CJRS) now in full swing, it is crucial for businesses to keep a close eye on headcount.

Opinion

‘Great uncertainty’ for employers using Covid-19 furlough scheme

The Coronavirus Job Retention Scheme (the "Scheme") was announced on 20 March 2020 and opened to applications on 20 April 2020. By 23 April 2020 it had received 512,000 claims in respect of 3.8 million furloughed employees. However, a great deal of uncertainty remains around the application of the Scheme to businesses in the oil and gas sector.

Other News

Chevron to make redundancies in neutral zone between Kuwait and Saudi Arabia

Oil major Chevron is said to be considering whether to make 1,000 staff members who work in the neutral zone between Saudi Arabia and Kuwait redundant. According to the Wall Street Journal, a dispute between the countries has halted all work on oil fields for several months. The company has already reduced the number of petroleum-development rigs in the neutral zone.

Oil & Gas

Lockheed Martin makes redundancies from Aberdeen base

An energy firm has cut jobs at its Aberdeen base. Lockheed Martin confirmed 27 posts have been made redundant. The US-led firm acquired its city base as part of a deal to take over Amor Group two years ago. A company spokesman said “the majority” of the 27 job losses were in the Aberdeen office.