Arbroath looks set to suffer from further job losses in the engineering industry as a result of the ‘challenging market’.
The Arbroath Herald has learned that job losses could be on the cards at the Halliburton Manufacturing and Services facility, but the US-based firm was unable to give exact details.
It follows the news over a week ago that the oilfield services firm is to cut eight per cent of its 80,000 strong global workforce.
When asked by the Herald for a comment on the possibility of job losses at its Elliot Industrial Estate facility a spokesperson for the firm said: “Halliburton continues to make adjustments to its workforce based on current business conditions.
“We value every employee we have, but unfortunately we are faced with the difficult reality that reductions are necessary to work through this challenging market environment.
“The impact will be across all areas of Halliburton’s operations. We have no additional information to provide.”
It is understood that around 1,000 job losses in the company’s holdings outside of the US have been on the table since last month and the company’s current restructuring is likely a result of the global oil supply glut and weak demand that has pushed down prices in recent months.