Havyard Group said it is taking further measures to adapt to the market situation by cutting its workforce by around 100 full-time equivalents.
All business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry.
Accoding to Havyard, these job cuts are the result of both rationalisation of the operation of the company and an adjustment of the total production capacity.
The upcoming downsizing of the workforce will involve all business areas in Havyard Group, but the biggest cuts will be in Havyard Ship Technology and Havyard Design & Solutions. The number of employees will be reduced in most of Havyard’s locations.
“Extensive restructuring measures of this kind are difficult for both the company and the workforce,” says Frank Levi Kvalsund, HR Director of Havyard Group ASA. “It is particularly difficult for those directly affected by the cutbacks, of course. We nonetheless hope that people will understand that these measures are necessary to ensure the company’s profitability and to secure jobs going forward. We will do our utmost to ensure that the restructuring process is carried out in the best possible way, both for those who have to leave and for those who will remain with the company.”
“The reduction in the number of employees is being carried out in close cooperation with the trade unions and through both natural wastage and redundancies.
“The process of specifying how many and who will be made redundant is currently ongoing, and those affected will be informed in the near future. In cooperation with the Norwegian Labour and Welfare Administration (NAV), Havyard will offer help with job seeking, further education and other measures,” says HR Director Kvalsund.