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Olympic Shipping staff get wage reductions

Norway’s Olympic Shipping is to implement voluntary wage reductions at its Fosnavåg office in Herøy as of today, reports say.

Members of work unions Norwegian Sjøoffisersforbund, the Norwegian Seafarers’ Union and the Norwegian Machinist Association have voted to approve the agreement with Olympic.

This is a very important step to secure jobs and strengthen the company’s position in the future. The entire industry is going through a very challenging time now. We are therefore pleased that the staff has put solidarity up to help in a difficult situation,” Stig Remøy, CEO of Olympic, told Norwegian press.

Olympic laid off 60 of its 800 staff in October 2015, which mainly affected temporary staff and contractors. It also laid up two anchor handling tug supply (AHTS) vessels and a platform support vessel.

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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