Bristow Group continues with cost reduction initiative - Houston Business Journal:

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The Houston-based helicopter servicese provider employsabout 3,600 people, according to Perr Elders, chief financial "We still have long-term growth plans, but those have slowex down," he said. "We plan to cut less than 10 percenf of our totalwork force." The companty said it has already made some staffing reductions in its U.S. Gulf of West Africa and Australia operations, including the release of many of its temporaryh andconsulting staff. In addition, Bristow Helicoptee Group Ltd., the company’s European affiliate, has started talksz with trade union representatives and employees in Europ regarding proposedstaffing reductions.
As part of the cost reductio initiatives, Bristow (NYSE: BRS) in Feburarty began evaluating itscapital expenditures, froze managemenyt salaries and started reviewing its staffin g levels and compensation.