Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%

Aker Solutions Engineering Vice President Valborg Lundegaard says at ONS that his division is on track to cut costs by 30 percent by 2017.

STAVANGER, Norway, Aug 26 (Reuters) – Norwegian oil industry supplier Aker Solution is on track to cut the cost level of its Engineering division by 30 percent by 2017, the unit's chief told Reuters on Tuesday.

"We began this program about a year ago. It's a demanding target, but we see from ongoing projects ... that the improvement processes we've launched are working," Engineering Vice President Valborg Lundegaard said on the sidelines of an oil conference.

"We're on track to cut costs by 30 percent by 2017."

(Reporting by Joachim Dagenborg, editing by Terje Solsvik)

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