Offshore

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
Photo: PR / TechnipFMC
by NIKLAS KRIGSLUND

"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.)

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