Internal restructuring
United Kingdom
Scotland; North Eastern Scotland;
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06 - Extraction of crude petroleum and natural gas

425 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2015
Employment effect (start)
Foreseen end date


Oilfield services company, Archer, has announced that it is to cut 425 jobs from its UK operations. 135 jobs have already been lost and a further 290 onshore and offshore jobs will be cut in the coming months. The majority of the jobs which will close are based in Aberdeen. The company has decided to reduce its global headcount by 1,000 (approximately 11% of the workforce) following a downturn in demand for its products and services. Rising costs and falling prices for oil have made the market more competitive and in addition to the job cuts the company is also reviewing its payment structures. 


  • 24 February 2015: BBC Website


Eurofound (2015), Archer, Internal restructuring in United Kingdom, factsheet number 78654, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78654.