Services firm Aker Solutions said Tuesday that it will cut up to 500 jobs in Norway.
The Norway-based company said about 500 permanent positions at facilities in Fornebu, Stokke, Moss and Tranby in Norway may be affected.
Aker added that the headcount adjustments will be made through normal employee turnover, reassignments to other parts of the company and redundancies.
“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,” head of Aker Solutions’ Norwegian operations Per Harald Kongelf said.
The plan is addition to a previous round of cuts announced earlier this year that may slash 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 its headcount by about 400 permanent positions this year, primarily in the subsea area.
Aker Solutions said it has also begun a process “to strengthen the structure of its global subsea business.”
“We see a need to streamline our organizational set-up to reduce complexity and boost efficiency. This will enable leaner processes and strengthen overall operations,” head of Aker’s subsea business Alan Brunnen said.
The company has not yet provided details about the streamlining effort.
Aker Solutions has about 16,000 permanent employees in 20 countries.
About 8,000 employees are employed in the subsea area, with around 3,000 of those jobs located in Norway.