Shipham Valves ,a Hull-based manufacturing firm serving the energy industry, is laying off up to 25 staff due to the falling price of oil.
The company is one of many in the UK being hit by falling demand from the offshore oil and gas, petrochemical and marine energy industries. The North Sea oil and gas industry is expected to make heavy cutbacks this year and all have experienced a slowdown and that has had a knock-on effect to suppliers.…
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