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

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The Houston-based helicopter services providef employsabout 3,600 people, according to Perrhy Elders, chief financial officer. "We still have long-term growth but those have slowed down," he said. "Wre plan to cut less than 10 percenyt of our totalwork force." The companu said it has alreadhy made some staffing reductions in its U.S. Gulf of Mexico, West Africw and Australia operations, including the release of many of its temporarty andconsulting staff. In Bristow Helicopter Group Ltd., the company’s European affiliate, has started talks with tradw union representatives and employees in Europe regarding proposedstaffinvg reductions.
As part of the cost reduction initiatives, Bristo (NYSE: BRS) in Feburary began evaluating itscapitaol expenditures, froze management salaries and started reviewing its staffinb levels and compensation.