Author: Jaimy Lee

An gas and oil operator has cautioned it expects to create about 530 redundancies in the North Ocean operation. EnQuest stated it desired to make savings of $300m (£241m), following a slump sought after for oil along with falling prices. An appointment period around the plans is arrived. Industry body Gas and oil United kingdom had cautioned on Tuesday it expected as much as 30,000 jobs to visit because of the coronavirus pandemic. EnQuest confirmed it'd begun a six-week consultation with employees because it required "decisive action to handle the company in the present challenging economic atmosphere". 'Thousands' of gas and oil jobs threatened by The organization stated: "Because of the prevailing low oil cost and global demand, the audience has reviewed all of its assets ...

Boeing intends to cut 10% of their workforce, saying the Covid-19 pandemic had delivered it a "body blow". The battling US plane maker employs 150,000 people worldwide and it was already pressurized after having to ground its 737 Max planes following two fatal crashes. The coronavirus outbreak has brought to some collapse in airline travel. BA stated it'll cut 12,000 jobs while Airbus known as it the "gravest crisis" the has "seen". Boeing's leader Dave Calhoun stated inside a memo to staff the pandemic is "delivering an appearance blow to the business" and interest in commercial air travel travel "has fallen off a high cliff". He cautioned: "The aviation industry will require years to go back to the amount of traffic we had only a couple of several weeks ago." While ...