The sudden shutdown of Beam highlights challenges in the offshore technology sector.
Topics covered
A recent announcement from Beam, a UK offshore and subsea technology firm, has sent shockwaves through the Aberdeen job market as the company has made over 100 employees redundant and ceased operations entirely. This unexpected turn of events comes just months after the company, formed from the merger of Rovco and Vaarst in September 2022, had embarked on an ambitious recruitment drive in the region.
Background of Beam’s operations
Beam’s establishment was initially met with optimism, as it aimed to expand its footprint in the offshore wind and subsea robotics sectors. The company had pledged to create numerous jobs in Scotland, with plans to invest significantly in the local economy.
However, despite these aspirations, Beam reported substantial financial losses, including a pre-tax loss of £8.1 million in its most recent accounts for 2023, following an £8.7 million loss in 2022. This financial strain ultimately led to the company’s downfall, leaving many talented individuals without employment.
Reactions from former employees
The news of Beam’s closure has elicited heartfelt responses from former employees. James Reynolds, the head of talent acquisition and crewing at Beam, expressed his sadness on LinkedIn, stating that the company was more than just a workplace; it was a community united by a shared vision. He urged other companies to consider Beam’s former employees for future job openings, highlighting their skills and dedication. Similarly, Rhea Fraser, another former employee, lamented the loss of a talented workforce, emphasizing the exceptional capabilities of her colleagues in the Aberdeen office.
Future opportunities for affected workers
In light of the recent layoffs, Rovtech, another firm with operations in Aberdeen, has stepped up to offer opportunities for former Beam employees. Chief Executive John Polson expressed his sympathy for those affected and announced that Rovtech would extend applications for several roles in the region, aiming to provide a fair chance for talented individuals to secure new positions. This gesture reflects a growing concern within the industry about the impact of job losses on the local economy and the need for support during such challenging times.
Industry implications and outlook
The closure of Beam serves as a stark reminder of the volatility within the offshore technology sector. As companies navigate financial challenges and market fluctuations, the workforce remains vulnerable to sudden changes. The loss of over 100 jobs in Aberdeen not only affects the individuals directly involved but also raises questions about the future stability of the industry in the region. Stakeholders must now consider how to foster resilience and support for workers in this evolving landscape.
