Dutch offshore giant axes 1,200 employees

Cost reductions in the offshore industry now force Dutch SBM Offshore to follow in the wake of other companies by trimming its business. The company is in the process of axing 1,200 employees.

BY KATRINE GRØNVALD RAUN

In November CEO Bruno Chabas of Dutch SBM Offshore noted the slowdown in the oil and gas industry. Now he is reacting to this slowdown.

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