Aker Solutions is preparing to cut up to 650 jobs in response to an ongoing market slowdown.
An Aker spokesperson told Rigzone that employees have been informed of the company’s “need to reduce” its “workforce capacity at some locations.”
The spokesperson added that the headcount reduction could impact about 650 positions overall.
The reduction is expected to focus on positions located in Norway, the UK and India, Rigzone said.
An Aker spokesperson told Energy Voice that about 100 positions in Aberdeen and London could be affected by the plan.
Aker cited “the continued market slowdown” as the reason behind the headcount capacity reduction.
The Norway-based company added that the headcount reduction is part of reorganization plan launched in November that aims to bolster its competitiveness, Energy Voice said.
The final details of the company’s job cut plan have not been disclosed yet.
According to Aker’s website, the company currently employs about 13,000 people in 20 countries.
The headcount reduction plan follows several rounds of job cuts over the last two years.
Last March, Aker said it would cut as many as 600 permanent positions in Norway to streamline costs and focus on its subsea technology and products.
Those reductions followed a plan announced in January 2016 to cut up to 900 jobs in Norway and shut down some operations in response to falling work loads.
The January cuts were part of a plan to streamline Aker’s Norwegian maintenance, modifications and operations business down to one regional unit from its previous level of four.
In September 2015, Aker announced that it would eliminate up to 500 permanent positions at facilities in Fornebu, Stokke, Moss and Tranby in Norway.
Those cuts were announced about seven months after Aker said it would cut 300 jobs in Norway due to falling demand for services after oil prices plummeted.