Up to 60 Jobs Lost in Cumbria
07 August 2015
Siemens Subsea announced yesterday that a reduction in jobs was necessary to protect the long term future of the Ulverston company.
Siemens Subsea is a major player in the oil and gas industry and designs and manufactures subsea power and data connection systems for key industry players.
Phil Ashley, managing director at Siemens Subsea, explained that problems in the oil and gas market has had a significant impact on the firm.
He said: "Challenging oil and gas market conditions caused by the low oil price and investment reductions by Subsea customers have significantly reduced demand."
However, Siemens Subsea is not the only company to have taken a hit in the industry as Centrica Energy announced last week that 6000 jobs would be axed.
To combat the problem, the firm has launched a rigorous review of the market and business structure which has led to the decision to reduce jobs.
The business, which employs 421 people at its Ulverston site, will now enter into a 45 day collective consultation period.
Mr Ashley continued: "Our primary concern at this time lies in supporting our employees affected by the proposals."
"Our aim is to reduce the impact of the changes as much as possible.
"Voluntary redundancies will be considered where possible, while redeployment and transfers to other Siemens businesses will also be fully explored for those employees affected."
Established in 1979 under the guise of Tronic, the firm has played a major role in the community and hopes to continue supporting schemes such as this weekend's Ulverston Marathon and its own apprentice scheme.
John Woodcock, Barrow and Furness MP, was quick to offer his support to Siemens Subsea staff.
He said: "While it is encouraging that Siemens plans to maintain its apprenticeship programme, the fact is that these proposed changes will come as a real blow to many families and individuals.
"Every effort must be made to mitigate job losses and I am ready to offer my help so we can see what measures can be taken to reduce the impact on the skilled and dedicated personnel who stand to be affected by this announcement.”
Mr Ashley finished: "We are confident in the future long term prospects of the Siemens Subsea business in Ulverston after this medium term setback."