Oilfield service giant Technip FMC is to cut 80 jobs in Norway, according to local media.
Up to 80 positions are at risk in the firm’s subsea division, it is understood.
Norwegian media are citing “reduced activity” as the reason for the job cuts, which will likely be finalised in mid December.
Technip FMC’s subsea business unit is headquartered in Ågotnes, outside Bergen, but also has employees in other locations.
Communications Manager Andreas Helgesen in TechnipFMC spoke to Sysla.no
He is reported as saying: “For a period of time, we have run away with lay-offs in the company as a result of reduced activity in the Norwegian sector.
“Now we see that the reduced activity will continue, and we must therefore reduce the permanent staffing by up to 80 people.”
All employees in the unit will be offered a voluntary final agreement, according to report.
Technip FMC has been contacted for comment.