Aker Solutions is letting go of more staff. The Norwegian subsea firm announced yesterday another 500 people are to be let go as the low global oil price hits its bottom line. The news follows on from an earlier announcement this year of an initial 900 redundancies.
“Activity in the Norwegian offshore services market has declined considerably,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations.
Redundancies in the Norwegian offshore sector have been in their tens of thousands in the past year, yet when interviewed for this site in early June, the Norwegian prime minister, Erna Solberg, insisted the sector was not in crisis.
“It is not a crisis,” Solberg insisted, claiming the Norwegian offshore sector was going through a “structural change”.