The waves of redundancies come after Dril-Quip bosses were left red-faced in April after the leak of a management conference video.NAIC: 333132 Oil and Gas Field Machinery and Equipment Manufacturing 213112 Support Activities for Oil and Gas Operationsĭril-Quip, Inc. The company said “the majority of the planned actions relate to further refinement of our manufacturing and supply chain operations”. In 2020, Dril-Quip made annual cost savings of $20.5m (£14.7m) in response to market conditions, with another $5m (£3.6m) to be realised in 2021.
The majority of its $11.9m (£8.5m) capital expenditure during the year was related to “consolidating our Aberdeen manufacturing operations into Houston”, it said. The firm also offered no comment during that point last summer when Energy Voice revealed around 115 jobs were being cut.Īt the time, employees were given letters saying the firm had “no option” but to “right-size the Aberdeen operation to the level of work” within the current market.ĭril-Quip’s financial results published last month showed major operational losses of $63.5million (£45.7m) for 2020, compared to profits of $2.8m (£2m) in 2019. Redundancy meetings are currently underway, an employee told Energy Voice, with some workers having already left the company through this latest round.ĭril-Quip told workers in July that its “centre of excellence” for subsea trees was being moved from Aberdeen to its headquarters in Houston. US-headquartered Dril-Quip has not responded to repeated requests for comment. Skip Menuįurther job cuts are planned at oilfield equipment firm Dril-Quip in Aberdeen as it moves manufacturing work out of the region, Energy Voice understands.Įmployees claim around 19 jobs are planned to be cut from its Dyce facility, following an earlier round of around 115 redundancies last year. Copy link A decentered black square over a white square. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Facebook Messenger An icon of the Twitter app logo. Facebook Messenger An icon of the facebook messenger app logo.
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