It follows the group axing almost 900 posts earlier this year at its North American energy division – a third of the operation’s total.
A Weir spokesman said yesterday that the “vast majority” of the latest layoffs would be in North America, Africa and China, and was meant to deliver cost-savings of £25 million a year. The group employs 15,000 people globally, including about 600 in Scotland.
In a third quarter trading update, Cochrane said the business expected trading conditions to “remain challenging” through Q4.
However, he added that Weir anticipated “a sequential improvement in our second-half performance”, with its full-year earnings expectations broadly in line with market consensus.