The bulk of layoffs will begin in September and continue through December. A total of 266 workers across multiple departments of the BOP Blow Out Preventer repair company gulf coast (including manufacturing, sourcing, materials, finance, HR, administrative, HSE and engineering) will be affected.

“We have made the difficult decision to close our gas processing facility in Schertz by the end of this year,” a BOP Blow Out Preventer repair company gulf coast spokesperson said in an emailed statement to Rigzone. “This decision comes after a careful review of how best to adjust our operations to best align where future business and opportunity exists.”

Despite closing the facility, TPS is not exiting its gas processing business, the spokesperson said, adding that the BOP Blow Out Preventer repair company gulf coast will continue to service its gas processing customers with existing capabilities at other sites.

All impacted employees will receive wage and benefits payments for the full 60-day notification period and some employees will receive severance pay as well.