Another 300 workers idled in the oil industry

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Aker Solutions is furloughing another 100 employees, while rival FMC Technologies is also letting go 200 of its workers in its subsea service operations. The reason, as with earlier layoffs, is the slowdown in offshore activity following the dive in oil prices.

Both companies cited a seasonal slowdown as well, with little activity after the summer months.

Aker, like FMC, opted for the temporary lay-offs instead of permanent job cuts, according to company spokesperson Anne Cecilie Lund-Andersen, “because experience indicates that the activity will pick up again during the spring in connection with seasonal work.”

newsinenglish.no staff