Tayside jobs on line as oil services firm moves to cut costs

Dozens of local jobs are under threat after a new round of cost cutting at energy services major NOV.

A total of 88 posts out of 300 are to be made redundant as the Houston-headquartered group moves to slash expenditure within its Rig Aftermarket division as a result of the global oil price slump.

The bulk of the work is based at NOV’s site at Montrose, but the division also has a presence at Dundee’s West Pitkerro Industrial Estate.

The Courier made repeated attempts to contact NOV for comment yesterday, but there was no response.

See Thursday’s Courier for more on this breaking story.