TechnipFMC cut more than 3,000 jobs worldwide in recent months as the company continues to adjust to a weaker offshore energy environment and the year-old merger of Paris-based Technip with Houston’s FMC Technologies, company officials said.
The energy engineering, technology and construction company, which focuses more on the offshore sector, has now eliminated almost 7,000 jobs in the past year. TechnipFMC employed 44,000 people when it was formed a year ago and it’s now down to more than 37,000 workers.
The two companies combined to employ about 60,000 people before the 2014 collapse in oil prices.
TechnipFMC would not disclose how many jobs were cut in Houston or other locations. Houston is the co-headquarters of the company and the CEO, Doug Pferdehirt, is based in Houston. The company, however, is in the process of consolidating some of its Houston office space and leaving some of its Energy Corridor offices previously occupied by Technip.
TechnipFMC remains one of the world’s largest energy services companies and it is growing in some areas like booming West Texas, said spokeswoman Delphine Nayral.
“We are recruiting in some parts of the word where there are shorts cycles, like in the unconventional surface business in North America, and we are adapting the workforce in some areas, as we are a business of projects and are reaching some milestones on on-going projects,” she said. “Our objective remains to have a lean and efficient organization able to deliver our projects and reinforce our leadership in the industry.”
TechnipFMC posted a $154 million loss in the fourth quarter, but ended 2017 with an annual profit of $113 million.
“Our strong execution performance and market acceptance of our integrated business model and new technologies, combined with our continued focus on cost and efficiency, positions us well to deliver strong performance in 2018,” Pferdehirt said.
This article first appeared on the Houston Chronicle – an Energy Voice content partner. For more from the Houston Chronicle click here.
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