There are challenging times for Subsea 7. The company’s management therefore wants to trim the company to be the best possible position to the economic challenges it encounters.
According to a stock plan Subsea 7 to cut around 2,500 jobs. We also want management to reduce the global fleet by up to eleven ships.
By the end of 2014 there were about 13,000 employees in Subsea 7. Downsizing takes effect now and will hopefully be completed by the beginning of 2016.
The process should have already started in Norway and the UK.
By the end of 2014 had Subsea 7 a fleet of 39 ships, while another five are under construction.
Investors apparently like today’s news.
Shortly after today’s trading began on the Oslo Stock Exchange the stock fell to 84.15, while it now traded for 86.90 dollars, up 2.48 percent on an otherwise red exchange.
Today’s highest price was at 87.05 million.
No comments:
Post a Comment