PPRuNe Forums - View Single Post - Bristows making redundancies in UK very soon?
Old 7th Sep 2017, 14:02
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Nigerian Expat Outlaw

Nigerian In Law
 
Join Date: May 2004
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Having taken the voluntary package in 2015 (I bit their arm off, it was almost too good to be true), I would be surprised if more people aren't let go.

Since the oil price slide things appear to have gone from bad to worse; yet another restructure exercise but hardly any shrinkage at corporate level, just some new faces with different titles. Loss of major long standing contracts in Aberdeen, Nigeria and Australia along with a seemingly entrenched belief that the O & G sector will get better somehow (ostrich mentality ?) plus a serious decline in share value have put them not too far away from Chapter 11 territory.

Very sad. They (or rather a couple of very loyal managers) took good care of me when I needed them.

NEO
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