Lamprell takes action as contract backlog eases

Fabricator Lamprell is implementing various cost measures at its yards in the UAE as the construction cycle of current projects nears completion.

Offshore staff

SHARJAH, UAE – Fabricator Lamprell is implementing various cost measures at its yards in the UAE as the construction cycle of current projects nears completion.

These include reducing personnel by around 100 – those affected include project support personnel and backoffice staff.

The group is also targeting other areas for operating and overhead savings.

John Kennedy and James Moffat have agreed to extend their respective roles as executive chairman and CEO potentially until the end of this year while the company continues its search for a new CEO.

05/03/2016

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