Job cuts for Oceaneering employees in Panama City

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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.

www.panhandleparade.com

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