Oceaneering Axes More Jobs in Norway

Oil services company, Oceaneering, is reportedly laying off 150 staff from its Norway division.

According to Norwegian Aftenbladet.no the company informed the employees about the downsizing earlier this week, and that specifically ROV division will be most affected by this decision.

Oceaneering’s CEO, Erik Sæstad, was quoted in Norwegian media saying that “the situation is difficult but the company remains keen to create a platform capable to adapt to lower oil prices.”

Reportedly, about 150 jobs will be lost, adding to some 500 in the previous rounds of job cuts caused by the industry slowdown.

Following the latest workforce adjustments, Oceaneering will be left with approximately 1100 employees in Norway.