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Aker Solutions fires 500 employees from subsea division

Norwegian oil service company Aker Solutions has laid off 500 employees in Norway. Industry association Norsk Industri expects that these are just the first in a wave of layoffs projected to hit the sector this fall.

Photo: Hjalmar Otto Fjøsne, Aker Solutions
BY LOUISE VOGDRUP-SCHMIDT

Aker Solutions has announced plans to cut 500 jobs in the oil service company's subsea division.

"Oil companies are lowering their investments and postponing projects, and this has resulted in a significant decline in activity in the Norwegian oil service market during the past year. As such, we find it necessary to adjust capacity in part of our business," says Per Harald Kongelf, head of Aker Solutions in Norway, in a press release.

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