Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".
Oilfield services firm Aker Solutions announced Tuesday that it will be further reducing its Norwegian subsea workforce due to a “continued market slowdown”.
As part of the most recent workforce reductions, around 500 permanent positions at facilities in Fornebu, Stokke, Moss and Tranby could be affected. Aker has stated that the reductions will be made through normal employee turnover, reassignments to other parts of the company and redundancies. The latest layoffs come in addition to capacity reductions announced earlier this year of as many as 200 positions in the company’s subsea services business in Agotnes, Norway, and about 300 positions in its Norwegian maintenance, modifications and operations unit. Outside of Norway, Aker is reducing capacity by about 400 permanent positions this year, primarily in the subsea area.
Per Harald Kongelf, head of Aker Solutions’ Norwegian operations, commented in a company statement:
“Activity in the Norwegian offshore services market has declined considerably over the past year as oil companies scale back spending and postpone projects. This has made it necessary to reduce capacity in parts of our business.”
Alan Brunnen, head of Aker’s subsea business, said in a company release:
“We see a need to streamline our organizational set-up to reduce complexity and boost efficiency. This will enable leaner processes and strengthen overall operations.”
Aker Solutions employs around 16,000 people in 20 countries. Approximately 8,000 employees are in the subsea area, of which around 3,000 are in Norway. The rest are in countries including Brazil, Angola, Malaysia, the U.S. and the UK.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles