Lamprell takes action as contract backlog eases

Offshore staff

SHARJAH, UAE – Fabricator Lamprell is implementing various cost measures at its yards in the UAE as the construction cycle of current projects nears completion.

These include reducing personnel by around 100 – those affected include project support personnel and backoffice staff.

The group is also targeting other areas for operating and overhead savings.

John Kennedy and James Moffat have agreed to extend their respective roles as executive chairman and CEO potentially until the end of this year while the company continues its search for a new CEO.

05/03/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...