Wood Group has today completed its £2.2billion takeover of Amec Foster Wheeler.
Wood Group chief executive Robin Watson has said there are “credible buyers” ready to pounce on the UK North Sea business earmarked for sale as part of the firm’s £2.2billion takeover of Amec Foster Wheeler (AFW).
About 1,300 global energy service jobs are under threat from the proposed merger of Wood Group and Amec Foster Wheeler (AFW), it emerged last night.
North Sea operations of Wood Group and Amec Foster Wheeler (AFW) are the most at risk of job cuts after a £2.2billion mega-merger of the firms, it emerged yesterday.
Union chiefs call for “transparency” on jobs after Wood Group and AFW reveal another £40m of tie-up savings
Wood Group declined to say last night how many jobs could go in its proposed £2.2billion takeover of Amec Foster Wheeler (AFW), despite the firms announcing a £40million jump in efficiency savings.
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
Wood Group boss Robin Watson has insisted the energy service giant was “a strong and balanced business” despite a 71% slump in profits.
Wood Group, the Aberdeen-based oilfield services firm, has reported earnings of $470million in 2015, down from $550 in 2014, saying its performance demonstrated resilience and flexibility in challenging markets.
Wood Group landed a contract with PetroRio for its Polvo A platform in the southern Campos basin.
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
Wood Group has revealed Robin Watson will take the reins of the company after Bob Keiller retires at the end of the year.
Wood Group today confirmed Robin Watson will replace Bob Keiller as the company’s chief executive.