Statoil cost reductions hurt subcontractors

The peak season for platform and rig maintenance in the North Sea is in full swing, but 81 offshore employees working indirectly for Statoil have - in an usual move - received layoff notices.

Photo: Ole Jørgen Bratland - Statoil

Statoil's planned cost reductions are starting to hurt subcontractors in the North Sea.

According to several Norwegian media, subcontractor IKM Mekaniske has sent layoff notices to 30 offshore employees as well as a notice that another 51 employees will be laid off in the company's division for welders, plate workers, pipe layers and mechanics, all of whom are working with maintenance on Statoil and others' platforms and newbuildings.

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