Aker Solutions is axing another 600 jobs as it looks to streamline costs and focus on its subsea technology and products.
The Norway-based company said that as many as 600 permanent positions at locations at Fornebu, Moss, Tranby and Ågotnes in Norway may be affected by its latest round of job cuts.
Management positions and other positions will be impacted by the cuts, Aker said.
The headcount reductions will occur through attrition and layoffs.
“These are tough but necessary measures to strengthen the competitiveness of subsea our business in a challenging time for the industry,” head of Aker Solutions in Norway Per Harald Kongelf said.
Aker said the cuts are intended to sharpen the company’s focus on its subsea technology and products.
“We are building on our strengths in this business area. The expertise, technology and strong customer relationships our puts us in a good position to seize opportunities when the market improves,” head of Aker Solutions global subsea operations Alan Brunnen said.
In 2015, Aker cut 1,000 permanent positions from its global subsea operations with more than half of those cuts impacting employees in Norway.
Aker Solutions currently has around 15,000 employees in about 20 countries with around 7,000 employees working in its subsea area.
About 2,500 of Aker’s current employees are in Norway, while the rest of its employees are in countries such as Brazil, Angola, Malaysia, United States and the United Kingdom.