UK-based drilling firm Valaris has issued plans for 332 layoffs, as contracts for its rig fleet remain in short supply.
Energy Voice reported it has seen a document confirming the plans for cuts to workers of Ensco Services Limited, a Valaris subsidiary.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Last week, Reuters reported Valaris could face bankruptcy. The company will present its quarterly results later today.
