OEUK news

OGUK response to Chancellor’s announcement to extend furlough scheme

12 May 2020

Commenting on the Chancellor’s announcement today that that furlough scheme will be extended for four months until October, OGUK’s chief executive Deirdre Michie said:

“OGUK welcomes the Chancellor’s announcement today to extend the furlough scheme until October this year.

“Across the country, this industry has been deeply impacted by low oil and gas prices as well as COVID-19 and we will continue to see the compounding effects on people’s jobs and livelihoods.

“We are now working to gather details of what this announcement will mean for our members post-July, and how we can support them through what remains an undoubtedly difficult period.

“The latest announcement is recognition of how long some sectors will take to recover from this crisis and the support they will need – the collapse in commodity prices means the oil and gas industry’s recovery will inevitably be prolonged.

“The added flexibility of the scheme is welcome as it provides a vital lifeline to thousands of workers in our industry whose skills and capabilities we need now and in the future as we transition to net zero.”

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