EUROPE

Hundreds of layoffs in Norway subsea purge

THE Norwegian oil purge is continuing with Aker Solutions announcing plans to cut 150-200 jobs fr...

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"Our Norwegian subsea services unit has had a slow start to the year as oil companies reduce spending and delay some projects," Aker's Norway head Per Harald Kongelf said of the cuts to Aker's previously estimated 3000 subsea workforce in the nation.

"This makes it necessary for us to adjust capacity in this area."

FMC Technologies announced 120 job cuts from its Agotnes facility in late January.

The continued market downturn has FMC recently confirming in the media that up to 400 subsea-related jobs may be affected in Norway.

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