We have also introduced immediate reductions in contractor rates.
The company said it has also introduced "immediate reductions" to its contractor rates.
If the volume of companies seeking to hire for the necessary technical and soft skills rises too rapidly, full-time salaries and contractor rates will skyrocket, and most organizations will be unable to compete with global platforms and tech giants for the talent they seek.
It announced last July it was cutting 225 jobs and cutting contractor rates.
Wood Group PSN said an internal review showed contractor rates had risen three times more than staff rates in the last five years.
Other areas where the industry wants to cut costs include more co-operation between operators on logistics, transport, support vessels, crewing and contractor rates.
"We are committed to undertaking proactive reviews of our contractor rates on a regular basis to ensure competitiveness within the marketplace".
As that involves downward pressure on contractor rates and a change to rotas - longer turnarounds reducing helicopter transfer costs - the industry's got an industrial relations battle on its hands.
More recently, in response to complaints, Renovate America initiated a third-party review of its practices, and a contractor rating system they said resulted in halting business with over 100 out of 7,000 approved contractors.
Their children had become lawyers, police officers, and contractors; rates of intermarriage with Ashkenazi families were high.
"Escalating contractors' rates are driving industry costs up, which inhibits investment, growth and long term sustainability.
