LONDON (Alliance News) - John Wood Group PLC is expected to say it has cut 4,000 jobs since the beginning of 2015 when it reports interim results on Tuesday, the Financial Times reported on Sunday.
The report, which cited people familiar with the company, said that Wood Group employed 41,000 people at the start of the year.
The FTSE 250 oil services company has already told investors that its results for the first half will be weaker than in the prior year amid tough conditions in the oil and gas markets.
https://next.ft.com/f2de5350-441e-11e5-af2f-4d6e0e5eda22
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Wood Group (J) (WG.)