EMCC European Monitoring Centre on Change

Wood Group

Company/Organisation:
Wood Group

Geographic Location

Country: United Kingdom
Region: Shetland Islands; Highlands and Islands; Scotland

Company

Sector: Manufacturing
Manufacture of coke, and refined petroleum products
19.2 - Manufacture of refined petroleum products
Number Employed: 250

Employment Effects

Announcement Date: 07-10-2015
Planned Job Reductions min: 90
Planned Job Reductions max: 90
Type of Restructuring: Internal restructuring

Additional Information

Oil company Wood Group has announced plans to cut 90 jobs from its workforce at the Sullom Voe oil terminal on Shetland. The move comes after a sharp fall in the price of oil. Wood Group has confirmed that it has entered into consultation on 90 of its 250 jobs. Other companies operating at Sullom Voe have also announced plans to shed jobs. Oil which was previously processed at the terminal is now being processed in Rotterdam, though a long term solution has not been decided. The time frame for the job losses is not being reported but it is expected that the jobs will go before the winter when the terminal's processing capacity falls in any case.