EMCC European Monitoring Centre on Change

Aker Solutions

Company/Organisation:
Aker Solutions

Geographic Location

Country: Norway
Region: Hordaland; Vestlandet; Norge
Location of affected unit(s): Ågotnes

Company

Sector: Manufacturing
Manufacture of transport equipment
30.11 - Building of ships and floating structures
Number Employed: 8000
Group: Aker

Employment Effects

Announcement Date: 11-06-2015
Planned Job Reductions min: 150
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring

Additional Information

Petroleum services company Aker Solutions is to cut up to 200 jobs at its site in Ågotnes, Norway. Employees were informed of the "adjustment" in a plenary meeting on June 11. The cuts will be accomplished by natural wastage, dismissals and by transferring employees to other parts of the company. The company is adjusting the capacity at the subsea service base at Ågotnes to match a lower level of activity in the Norwegian market, after the drop in crude oil prices. Oil companies are lowering their costs and postponing projects, which impacts Aker Solutions' subsea activity. Aker Solutions has already undergone several restructuring processes. The most recent was announced in February, affecting 300 jobs in maintenance, modifications and operations. In addition, the company has dismissed more than 500 employees over the last year.