ShippingWatch

Lower oil investments impact Aker Solutions employees

As many as 200 employees at Norwegian Aker Solutions could risk losing their job due to reduced activity on the Norwegian Continental Shelf.

The oil industry's investment slowdown in the year to come could impact as many as 200 employees working with maintenance and modifications at Norwegian Aker Solutions, which serves as a supplier to the offshore industry. On Wednesday the company met with its employees to discuss the situation for the workers, according to NRK.no, and Head of Communications Bunny Nooryani tells the news media:

"We can't rule out any layoffs, but we're working hard to find alternative solutions. As you know, the activity level for maintenance and modifications on the Norwegian Continental Shelf has decreased significantly this year. Several service suppliers to the offshore industry have warned of cuts in light of this development," she says.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs