about 17 years ago
The UK’s subsea industry is feeling the brunt of the economic downturn in the North Sea by being hit with a triple whammy of price pressure, cost-cutting and and fall in work backlogs. And the short-term outlook remains a tough one for many businesses, says the organisation’s chief executive Alistai
The UK’s subsea industry is feeling the brunt of the economic downturn in the North Sea by being hit with a triple whammy of price pressure, cost-cutting and and fall in work backlogs.
And the short-term outlook remains a tough one for many businesses, says the organisation’s chief executive Alistair Birnie, warning times will get worse before they begin to get better, “..With very limited visibility of new orders and enquiries.”
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