Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06 - Extraction of crude petroleum and natural gas

400 jobs
Number of planned job losses
Job loss
Announcement Date
19 November 2003
Employment effect (start)
Foreseen end date

Description

Fugro acquires the survey and geotechnical activities of the French Thales Geosolutions active in the oil and gas industries. It is thereby possible to reduce the marketing and administration costs. 10 % of the existing jobs for the off-shore activities (4050 employees) of both companies will be suppressed.


Sources

  • 19 November 2003: Fugro - Press release
  • 19 November 2003: Het Financieele Dagblad

Citation

Eurofound (2003), Fugro NV, Merger/Acquisition in World, factsheet number 58847, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58847.