Aker Solutions has said it will adjust its workforce capacity within the maintenance, modifications and operations (MMO) market in Norway after a continued decline in activity levels.
About 300 engineering and project management employees in the Norwegian MMO business may be affected.
Necessary adjustments will be made through normal employee turnover, reassignments to other parts of the company and dismissals.
As previously reported, an additional 70 MMO employees may be temporarily laid off in central Norway. However, the company said it still sees good opportunities for the MMO business outside Norway.
“Activity in the MMO market in Norway has dropped considerably since last summer, causing overcapacity,” said Per Harald Kongelf, head of Aker Solutions in Norway. “As we see it today, these challenges will continue through 2015 and possibly also into 2016.”
Aker Solutions has about 8,300 own employees working within subsea and field design in Norway. Approximately 4,300 of these are MMO employees.