Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%
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)
in Stavanger, Norway
WHAT DO YOU THINK?
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.
- Aker BP Buys Hess' Norway Unit For $2B (Oct 24)
- Aker Completes More Than Two-Thirds of Cost-Cutting Program (May 09)
- Aker Solutions Reduces Total Headcount by Almost 5,000 Since 2014 (Mar 30)