OneSubsea is reportedly mulling up to 600 job cuts at manufacturing plant in the United Kingdom.
According to the BBC, staff at OneSubsea’s have been told that the company is considering stopping manufacturing activities at its Leeds factory in 2017.
As part of of the plan, the company could layoff up to 600 staff members.
OneSubsea, a Cameron and Schlumberger company, has just over 920 staff members at the Leeds facility.
The current proposal would call for some staff to remain with the company at its Queen Street, Stourton site, according to the Yorkshire Evening Post.
OneSubsea told the Yorkshire Post that the proposed changes call for the company retain a presence in Leeds and continue to operate engineering, project management and tendering hub in the city.
The company told Energy Voice that it is considering the plan in light of the “most severe downturn of the past 30 years” that has “dramatically impacted” the company’s order intake.
The plan is only in the proposal stage and the company will hold a 45 day consultation period with unions and employee representatives about the proposed plans, the BBC said.