
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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