Following the announcement that up to 170 jobs are set to go at Cameron in Longford town, the company have released a statement saying that today’s news is as a consequence of the most severe downturn in the oil and gas industry.
The company statement read:
“The oil and gas industry is going through the most severe downturn of the past 30 years with operators significantly reducing their investment.
“This scenario has dramatically impacted Cameron Surface equipment and Subsea order intake, leaving many of our plants underutilised.
“It is with great regret that we advised our employees today that potentially manufacturing, assembly and test activities in Longford would cease during 2017.
“We understand the impact of this announcement on our employees and the local community. This is only a proposal at this stage and we will be conducting consultation with the unions and employee representatives and make every effort to try and mitigate as much as possible the impact on our employees.
“Cameron will maintain a presence in Longford and will continue to operate an R&D, and engineering hub. It is anticipated that we will continue to employ approximately 50 of our current employees. This again is subject to consultation.”