US engineering firm PT McDermott Indonesia will lay off 4,500 workers on the Indonesian island of Batam as demand for its offshore construction service has declined sharply over the past several months, company sources told Antara news agency. The company will keep only around 500 of its 5,000 workers. Workers from welders to mid-level…
INDONESIA: McDermott to lay off 4,500 workers on Batam Island
Posted on October 22, 2004 by EnergyAsia