Between 500 to 800 jobs could be cut at Norwegian oil service company MHWirth in Kristiansand, informs Aker-owner Øyvind Eriksen at an industry conference according to Norwegian media.

MHWirth is owned by the investment company Akastor where Aker has a 35 percent ownership share. The company has already been through a round of layoffs earlier this year, where 100 permanent employees and 200 consultants were let go.