Coronavirus: More oil and gas jobs at risk

BBC reported yesterday (28 May) that hundreds of North Sea jobs are thought to be under threat at Subsea 7, one of the major oil and gas companies operating in the UK.

29 May 2020

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It is now 10 weeks into the lockdown, however coronavirus is still having an unprecedented impact on the economy and businesses in the UK.

Whilst the government financial support via the Job Retention Scheme was intended to help employers avoid redundancies, it is now clear that many businesses will have to consider them when faced with many more months of uncertainty.

BBC reported yesterday (28 May) that hundreds of North Sea jobs are thought to be under threat at Subsea 7, one of the major oil and gas companies operating in the UK. The company announced “cost reduction measures” on Thursday in light of the oil and gas market deterioration in the recent months.

How can we help?

We appreciate that this time is particularly unsettling for employees who may be affected by the recent announcements. Our employment team has extensive experience in advising employees in the context of redundancies and negotiating settlement agreements and can guide you through the process. Please get in touch with our team if you require any assistance.

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Partner, Head of Employment

Robert Holland

Partner

Sarah Shiels