Fugro chief executive Paul van Riel said in a conference call with investors this week that the challenges of the current oil and gas market is forcing Fugro to cut expenses, and that means jobs.
"The downturn in the oil and gas industry is far-reaching... Clients are putting continued pressure on their work volumes and price levels," van Riel said. "Given these difficult market circumstances, our focus is on our cost-cutting programmes."
Fugro
