SBM Offshore, a Dutch-based global group of companies selling systems and services to the offshore oil and gas industry, has finally decided the terms of a voluntary redundancy plan which will see 203 employees leaving its Monaco branch.

Management representatives and staff from SBM Offshore met on Wednesday 8th April to discuss details of the plan, which was initially announced in December 2014 and agreed upon the terms of the voluntary redundancy scheme.

The plan affects 203 people out of a total 1,200 employees at the Monaco headquarters of SBM Offshore.

bbabo.Net