Seaway Heavy Lifting not impacted by cost reductions at Subsea 7

Last week, Subsea 7 announced it would cut 3000 of the 12000 jobs it provides worldwide. According to a spokeswoman, its Dutch/German subsidiary Seaway Heavy Lifting will not be affected by these cost-cutting measures.

‘Faced with a significant deterioration in the oil and gas market, we are taking swift and decisive action to address the elements under our control,’ said John Evans, Chief Executive Officer of Subsea 7 last week. In addition to reducing its workforce by 3000, the active fleet of 32 vessels will be reduced by up to ten vessels. It is as yet unclear which vessels will be impacted. Discussions with employee representatives are said to start soon.

Seaway Heavy Lifting is part of Subsea 7’s Renewables and Heavy Lifting Business Unit. When asked, Jacqueline Reukema, Communication Advisor at Seaway, says she ‘can confirm at this time there are no plans for a redundancy programme at our Zoetermeer office in the Netherlands and Leer office in Germany. The Seaway 7 vessel fleet is also not affected.’

The company owns and operates monohull crane vessels Seaway Yudin and Seaway Strashnov. The DP3 ships have a revolving lift capacity of 2500 metric tonnes and 5000 metric tonnes respectively.

This article first appeared on SWZ|Maritime, a sister publication of PCJ focused on maritime technology. 

Author: Adnan Bajic

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