Internal restructuring
United Kingdom
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Mining Support Service Activities
09.10 - Support activities for petroleum and natural gas extraction

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
18 August 2015
Employment effect (start)
Foreseen end date


Wood Group, a company which provides support for the oil industry, has confirmed that it is to cut 1,000 jobs in the UK. The company has also confirmed that jobs have been cut in the USA and in the Middle East.

The job cuts are a consequence of the falling price of oil and come during a period of uncertainty for the industry. The company which is based in Aberdeen, confirmed that the total company revenue for the first half of 2015 was down by 20%.


  • 18 August 2015: BBC Website


Eurofound (2015), Wood Group, Internal restructuring in United Kingdom, factsheet number 84520, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84520.