Construction News

06/05/2014

Wood Group To Reduce Contractor Pay

Wood Group PSN has said it is to cut the rate it pays UK-based onshore contractors.

It has been reported that the oil services provider will cut rates by 10%.

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The move by the company is said to be needed to "control costs for clients".

It will come into effect from 1 June 2014.

It is understood that some contractors will be offered the chance to become staff.

(JP/IT)

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