Oil and gas contractors face pay cut

June 2014
TCE: The Chemical Engineer;Jun2014, Issue 876, p10
Academic Journal
The article reports on the plan of engineering firms Amec and Wood Group PSN to cut North Sea contractor pay due to spiraling costs and ebbing profits. Topics discussed include the 10 percent to be slashed by the companies from their British contractor rates from June 1, 2014, the companies' need to control costs for their clients and focus on increasing their staff ratio, and the British government-commissioned review of the offshore and gas sector released in 2013.


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