Aibel in new round of job cuts

Aibel, a Norwegian service company for the oil and gas industry, has reportedly decided to trim its workforce some more.

The company which in the past two years cut its headcount by more than 700 workers due to spending reductions by the oil companies, will lay off a 100 workers more, Stavanger’s Aftenbladet reported Monday.

According to the local newspaper, this time, Aibel’s Modifications business area in Stavanger, employing 500 workers in total, will be affected.

The oilfield services company in December 2015 scored a new maintenance and modification (M&M) contract worth approximately $864.4 million, plus options with the country’s largest oil company, Statoil. Under the agreement, Aibel will have continued responsibility for 12 offshore installations and four facilities, and will also be responsible for Aasta Hansteen.

Aibel then said the deal was expected to employ about 1,000 employees at Aibel. It is valid as of March 1, 2016.

However, this contract won’t mean much to the people affected by the new round of layoffs.

Aftebladet cited an Aibel spokesperson as saying that the decision to cut more jobs had been made „as a result of developments in the market for this business area.“

Offshore Energy Today has reached out to Aibel, seeking more info.

Aibel’s spokesperson said: “We have informed that there will be a layoff of up to 100 employees in the business area Modifications. All layoffs in Stavanger.”

Offshore Energy Today Staff