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Offshore crisis forces Damen to staff reductions

Dutch shipbuilder Damen is now acting on the dire state of the miserable offshore market. The group will reorganize three of its maintenance yards and also lay off employees. The crisis is also washing over the European yard sector elsewhere.

Photo: Damen Shipyards

The problems in the offshore sector are now forcing one of Europe's biggest shipyards, Dutch Damen, to reorganize three of the group's yards and fire a large number of employees.

The reductions are the latest round of cutbacks at European yards that are now feeling the full effect of the downturn in oil and gas.

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