Island Offshore reduces work hours for shore-based staff

Island Offshore reduces work hours for shore-based staff

Oslo: Norwegian offshore vessel operator Island Offshore has said that it will be reducing the working hours of all office employees at its Ulsteinvik head office effective August 1.

The move comes as the company looks to further reduce costs. In a statement, it said the reduction would “mitigate the implications of the weak offshore market.” The company has already laid up vessels, as well as delayed new builds, and says that with the reduction in staff working hours it has chosen a collective solution to avoid lay-offs and dismissals.

Håvard Ulstein, managing director of Island Offshore Management, commented “It is important to us to stand together in this. This way we also retain the significant competence we have built up over time. We know that we are asking for a lot of our employees, hence it is very nice to see that everyone support this solution.” says.

Staff working hours will be reduced with 10% and subject to continuous assessment, the company said.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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1 Comment

  1. Avatar
    Phil Hyde
    June 25, 2015 at 10:34 am

    Relative to “The company..says that with the reduction in staff working hours it has chosen a collective solution to avoid lay-offs and dismissals.”
    Smart company! Practicing job-secure leisure, not layoffs = cutting hours, not jobs = timesizing, not downsizing. If we really want growth = UPsizing, we’re never going to get it with layoffs = DOWNsizing!