Aker Solutions lays off another 500 staff

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”.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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