EMCC European Monitoring Centre on Change

Aker Solutions

Company/Organisation:
Aker Solutions

Geographic Location

Country: Norway
Region: Rogaland; Agder og Rogaland; Norge
Location of affected unit(s): Stavanger

Company

Sector: Mining / quarrying
Mining and quarrying
09.10 - Support activities for petroleum and natural gas extraction
Number Employed: 5800

Employment Effects

Announcement Date: 18-01-2018
Type of Restructuring: Business expansion
Employment Effect Start: 01-02-2018
Planned Job Creation: 100

Additional Information

Petroleum services company Aker Solutions is set to hire about 100 engineers in the Stavanger area. Aker Soultions has recently secured contracts for several large projects (including one for Maersk Drilling launched last month) which have created a new demand for engineers. Aker Solutions was hit hard by the fall in crude oil prices and cut its staff in Norway from almost 11,000 in 2012 to 5,800 in 2016 (see previous cases, Aker Solutions 2014 NO2015(1) NO and 2015(2) NO, 2017 NO). The market situation is still described as difficult, but the project activity level is now rising, partly in response to the oil price recovery.