Finance
UK's Hunting weighs job cuts under EMEA restructuring
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Hunting Plc is considering job cuts in its EMEA operations to save £10M annually, with plans to close its Netherlands site and focus on UK operations for geothermal orders.
(Reuters) -Britain's Hunting Plc said on Tuesday it was considering cutting jobs at its EMEA operations which could save the energy services firm about 10 million pounds ($13 million) annually.
The London-listed company is considering shutting down its Oil Country Tubular Goods (OCTG) operating site in the Netherlands, with future orders related to geothermal activity to be fulfilled by its UK operations.
"Workforce consultations have now commenced in the relevant jurisdictions," Hunting said, without specifying the number of jobs that could be affected.
Hunting expects its EMEA operating segment to return to profitability by the first quarter of fiscal 2026, it added.
($1 = 0.7698 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Shailesh Kuber)
The main topic is Hunting Plc's consideration of job cuts in its EMEA operations as part of a restructuring plan.
Hunting Plc aims to save £10M annually and return to profitability by 2026 through restructuring.
Hunting Plc is considering closing its OCTG site in the Netherlands and shifting geothermal orders to the UK.
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