Page last updated at 17:47 GMT, Friday, 3 April 2009 18:47 UK

90 staff redundant at drill firm

The company makes drill bits for the oil and gas industry

An east Belfast company which makes drill bits for the oil and gas industry is to make up to 90 staff redundant.

The job cuts by Hughes Christensen follow 45 redundancies in February.

The company is part of US-owned Baker Hughes which is reducing its global workforce by 3,000 - almost 8% of its staff.

It said the job cuts were a response to "the stalled world economy, lower oil prices and continuing scaled-back exploration and development spending".

"Drilling activity has fallen in the UK, and international activity is also forecasted to decline in the coming months."

About 400 people were employed at the company's plant in Belfast.

The news came at the end of a turbulent week for the economy in Northern Ireland.

Bombardier Aerospace announced almost 1,000 redundancies on Thursday while about 500 other industrial jobs have been lost across Northern Ireland this week.

Employment Minister Sir Reg Empey said 2% of the manufacturing workforce had lost their jobs in the space of a few days.

Print Sponsor

Manufacturing 'loses 2% of staff'
02 Apr 09 |  Northern Ireland
Hughes company gets 5m boost
15 Nov 07 |  Northern Ireland

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific