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Aker Solutions Sheds Up to 500 Jobs Amid Downturn

Aker Solutions Sheds Up to 500 Jobs Amid Downturn

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01 September 2015

Norway’s Aker Solutions ASA said Tuesday that it would shed up to 500 jobs in Norway, as the oil-services company continues to suffer from a slowdown in the subsea market, amid spending cuts and project delays by global oil companies.

"Activity in the Norwegian offshore services market has declined considerably,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations.

The reduction of up to 500 jobs comes on top of earlier announcements this year that Aker Solutions would cut its staff by up to 900 positions, including 200 jobs in its subsea business in Ågotnes in western Norway, 300 jobs in the maintenance, modifications and operations unit in Norway, as well as 400 jobs abroad, mainly in the subsea area.

The company said it had started a process to strengthen its subsea business, and would give more detailed information about these efforts toward the end of 2015.

"We see a need to streamline our organizational setup to reduce complexity and boost efficiency,” said Alan Brunnen, head of the company’s subsea business.

Aker Solutions has about 16,000 permanent employees in 20 countries, and about half of them work in the subsea area.