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Maritime services provider SBM Offshore deletes this year and next year is not 1200, but 1500 jobs. The corruption scandals and low oil prices plagued group realized in the first quarter sharply lower sales than in the same period a year earlier, as revealed today at the presentation of the quarterly figures.
SBM recorded a turnover of 601 million dollars (532 million euros), against 782 million dollars a year earlier. Revenues from products ready for use (Turnkey) dropped while 40 percent to $ 326 million, reports news agency ANP. The other services carried 16 percent more.
SBM is a leader in the field of floating production and storage platforms that are used in oil production from the deep sea. Due to lower oil prices, screws oil companies, however their investments.
Moreover, the image of SBM has been seriously damaged by a series of bribery scandals that occurred between 2007-2011. Despite a recent settlement of 240 million dollars (194 million euros) with the prosecution in the Netherlands, drag the affair still continues in Brazil. That run multiple corruption investigations involving SBM is involved. The company can not compete for new orders.
The reorganization announced in December had cause SBM annually some 40 million dollars (32 million euros) spending less. In addition to the layoffs, SBM also announced to move its headquarters to Amsterdam. Now the maritime service’s headquarters are in Monaco. SBM employs some 10,500 people, of whom 8400 Jam
Read more on NRCQ:. SBM Offshore is willing to report crimes against their own former directors and SBM Offshore is now white in a pitch-black swan pond
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