Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Aberdeen-based company Production Services Network (PSN) has announced plans to create 400 new jobs in Aberdeen over the next 100 days. PSN is a major international contractor to oil and gas exploration and production customers. The firm employs 3000 in the UK, and has already taken on more than 700 staff since a management buyout earlier this year. Aberdeen and Grampian Chamber of Commerce (AGCC) welcomed the jobs news for the area. Geoff Runcie, AGCC chief executive, said: 'We are delighted that the management buy-out team, who clearly had a lot of confidence in the business, is seeing the rewards in significant increased business levels.'
'We are pleased to hear of the new employment opportunities that PSN is planning to create. Yet, finding this large number of new staff will be a challenge in the current economic climate.'
'However, the strength of the company's reputation and some innovative recruitment ideas will stand them in good stead.'
PSN chief executive Bob Keiller said: 'PSN is a new Scottish company buzzing with fresh ideas.'
'Since PSN's birth on 1 May we have won major contracts worth more than $400m.'
'We will create 400 new jobs in the next 100 days, and 100 of these new jobs will be for oil and gas industry newcomers.'
'We're confident PSN is where the best people want to work. I look forward to welcoming 400 new faces to our growing network.'
Eurofound (2006), Production Services Network, Business expansion in United Kingdom, factsheet number 63924, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63924.
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