Aker Solutions has notified employees about a workforce reduction in its Norwegian subsea business due to a continued market slowdown.
About 500 permanent positions at facilities in Fornebu, Stokke, Moss and Tranby in Norway may be affected.
“Activity in the Norwegian offshore services market has declined considerably over the past year as oil companies scale back spending and postpone projects,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations. “This has made it necessary to reduce capacity in parts of our business.”
Photo courtesy of Aker Solutions
The adjustments come in addition to capacity reductions announced earlier in 2015 of as many as 200 positions in the company’s subsea services business in Ågotnes, Norway, and about 300 positions in its Norwegian maintenance, modifications and operations unit. Outside of Norway, the company is reducing capacity by about 400 permanent positions in the subsea area.
Aker Solutions have already initiated a process to strengthen the structure of its global subsea business.
“We see a need to streamline our organizational set-up to reduce complexity and boost efficiency,” said Alan Brunnen, head of the company’s subsea business. “This will enable leaner processes and strengthen overall operations.”