Norway’s Island Offshore has come to an agreement with its employees for temporary reductions in salaries, according to Skipsrevyen.no.
According to its website Island Offshore Group has a total of around 1200 employees. The main office is situated in Ulsteinvik while Island Offshore Subsea is in Stavanger. In addition there are two small branch offices in Aberdeen, UK, and in Lisbon, Portugal.
“We are proud and relieved that we have come to an agreement with our people. This shows vigour and strength and it is helping us to secure Norwegian jobs, this is important for us,” Håvard Ulstein, managing director of Island Offshore Management, was quoted as saying.