Aker Solutions Continues Workforce Reduction, 500 Positions to Be Affected

Aker Solutions notified its employees on Tuesday that it will reduce the workforce capacity in its Norwegian subsea business, explaining that the decision has to do with a continued market slowdown.

‘About 500 permanent positions at facilities in Fornebu, Stokke, Moss and Tranby in Norway may be affected. Adjustments will be made through normal employee turnover, reassignments to other parts of the company and redundancies’ reads a note released on Tuesday. 

According to Aker Solutions, the adjustments come in addition to capacity reductions announced earlier this year 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 this year, primarily in the subsea area.

“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” Per Harald Kongelf, head of Aker Solutions’ Norwegian operations, commented on Tuesday.