ARANSAS PASS — Offshore manufacturer Gulf Marine Fabricators is planning to shed 554 jobs at its facility in Aransas Pass during the next eight weeks amid plummeting energy prices.
Notices were sent out to employees on May 18, according to a Worker Adjustment and Retraining Notification report released Tuesday by the Texas Workforce Commission. The layoffs were expected to be completed by June 22, report said.
Company officials could not be reached for comment, and did not issue a statement on the workforce reduction.
Monika de la Garza, a spokeswoman for Workforce Solutions of the Coastal Bend, said the agency was made aware of the cuts and that it reached out to Gulf Marine about the services it can offer affected employees, including crisis counseling, stress management and job-search assistance.
Gulf Marine Fabricators’ 372-acre facility, on Farm-to-Market Road 2725 in Aransas Pass, has operated as a subsidiary of Houston-based Gulf Island Fabrication, Inc. since its purchase in 2006. The company manufactures and assembles offshore drilling and production platforms, hulls, decks and other specialized structures used in the development and production of offshore oil and gas reserves.
Gulf Island Fabrication, Inc. operates another fabrication facility in Houma, Louisiana. The company’s move is just the latest in a string of those made the last 11 months by energy-related companies to either trim staff or scale back production to offset the losses created by falling oil prices.
West Texas Intermediate crude sold for $58.38 on Tuesday, down about 50 percent the price it traded for a year ago. Brent crude, which also has lost nearly half its value in a similar time, traded for $63.94.
The WARN report indicated TIC Energy & Chemical Inc., in Brazoria County, also would lay off 500 people at its Freeport location by the end of the month.
This article was written by Chris Ramirez from Corpus Christi Caller-Times, Texas and was legally licensed through the NewsCred publisher network.