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French oil giant Technip to fire 6000 employees

The struggling oil and gas market is now provoking a massive round of layoffs at French Technip. The North Sea could come under fire.
Photo: Hjalmar Otto Fjøsne/Aker Solutions
Photo: Hjalmar Otto Fjøsne/Aker Solutions
BY SØREN SPRINGBORG, ENERGIWATCH

The low oil prices and the oversupplied market for natural gas is now having an impact in France as well. French oil service company Technip is now giving notice of layoffs of up to 6,000 employees.

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