Job cuts for Oceaneering employees in Panama City


BAY COUNTY, FL — According to an Oceaneering corporate executive, 45 people were let go last Friday.  The downsizing is due to a decrease in market demands for their products.  Back in November about 60 employees lost their jobs.

Management says they have a substantial investment in the Panama City Port facility and the layoffs were not a pleasant decision to make.  They also say Oceaneering does not have any plans for further cuts.

The company now employs just under 300 people in the Panama City Port facility.


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