Oil service company to lay off 700 employees

TechnipFMC will lay off 700 employees in Norwya due to the lower oil price. The decision is attributed to fewer projects following the oil plunge. Corrected.

Photo: PR / TechnipFMC

"Corrected. A previous version of the article said that TechnipFMC would lay off 3,100 employees. The actual number is 700. ShippingWatch apologizes for the error.)

Oil service company TechnipFMC will lay off 700 employees in Norway in an effort to adjust its business to several years of low demand, reports Norwegian media E24.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs