Your Community Newspaper - Larose, LA

Serving Raceland, Gheens, Lockport, Valentine, Larose, Cut Off, Galliano, Golden Meadow, Leeville, & Grand Isle

Sunday, September 22, 2019

Share This Article:

Hercules Offshore to lay off 324 workers

Hercules Offshore to lay off 324 workers

HOUMA — Houston-based Hercules Offshore says it will lay off 324 offshore Gulf of Mexico workers, about 15 percent of its workforce, because of a decline in business.

The drilling rig contractor sent a letter to the Texas Workforce Commission last week, saying the company would lay off the employees by the end of the year.

The layoffs involve employees who work out of Port Fourchon, Grand Isle, Berwick, Cameron, Abbeville, Lafitte, Larose and Venice.

The company announced an $88.6 million third quarter loss on Oct. 23.

John T. Rynd, Hercules CEO and president, said in a statement received by The Houma Courier that the company's business outlook may not improve until sometime next year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.