Oil services company Subsea 7 is reportedly reducing its Norwegian workforce between 100 and 150 employees due to project delays.
According to Norwegian state TV channel NRK, the company informed the workers about the job cuts earlier this week through its communications manager Jan Roger Moksnes.
Stating that the situation is serious and it will affect between 100 and 150 employees, the Subsea 7 spokesman explained the causes of downsizing: “In recent months, we have seen further delays to the project that is being planned. This is a continuation of a trend we have seen in the Norwegian market.”
With about 950 onshore workers in Norway, Subsea 7 hasn’t informed which areas will be cut.
Subsea 7 is not alone in planned job cuts. Aker Solutions and Bilfinger have also announced downsize in workforce.