While Esbjerg, Denmark, headquartered Esvagt is a prominent player in the offshore wind service support area, a lot of its activity still centers on support for the offshore oil & gas industry.
Today, the company said that “a combination of an oil & gas market in a historical economic downturn and a new situation in consequence of the COVID-19 pandemic” is leading it to launch cost-cutting initiatives in response that include streamlining and pay reductions.
“Our oil & gas business is challenged...
https://www.marinelog.com/offshore/esvagt-takes-cost-cutting-measures/