DeepOcean to wind down UK cable laying and trenching business, 90 jobs at risk

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Subsea service group DeepOcean said today it intends to wind down its UK cable laying and trenching (CL&T) business.

Bosses at DeepOcean said the division had been loss-making for an extended period and felt there was “no prospect” of turning it around.

It is understood the decision could lead to 90 employees being made redundant in Darlington and Port of Blyth.

source: https://www.energyvoice.com/