Norwegian Aibel sheds up to 300 jobs

Oct 30, 2014 - Norwegian oil services provider Aibel AS, which is also active on the renewable energy market, has made redundant up to 300 of its workers as part of a plan to boost its competitiveness.

In a press release on Wednesday, the company said it will lay off up to 300 people as of October 27 from its domestic operations, with a focus on Stavanger, Oslo, Haugesund and Stjordal. The move follows a decision from the start of October to terminate the contracts of up to 230 people of Aibel’s personnel.

Since the start of 2014, the Norwegian firm has reduced its workforce several times due to a decline in workload. The job cuts affected all of its core businesses -- engineering, procurement, fabrication and project management at all of its eight offices in Norway and international offices, as well. In March, Aibel let go 230 employees and in August announced an additional reduction of 250 jobs.

Aibel plans, builds, upgrades and maintains platforms, vessels and production facilities for the oil and gas and offshore renewables industries. This summer, the company won a NOK-40-million (USD 6m/EUR 4.7m) contract to provide engineering work for Statoil ASA’s (OSL:STL) 30-MW Hywind 2 floating offshore wind farm in Scotland.

(NOK 1.0 = USD 0.149/EUR 0.118)

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