DFDS axes another 650 jobs due to corona crisis
Ferry company DFDS has announced that it will cut 650 jobs. The cost reduction is part of a larger austerity round, with which the Danish company wants to adapt to the new market conditions. The outbreak...Read more
Van Oord to cut 500 jobs, 120 in the Netherlands
Covid-19 and the slump in oil and gas prices are also taking their toll on Dutch offshore and dredging contractor Van Oord. The company says it needs to restructure to stay healthy, which will cost...Read more
Offshore contractor Allseas to significantly cut crew headcount
Offshore contractor Allseas will reduce its workforce by a few hundred in the course of 2020, which will mostly impact its vessels’ crews. The company says it is forced to do so due to the...Read more
Subsea 7 to lay off quarter of its workforce
The slump in the oil and gas market is taking its toll on Subsea 7. The offshore service provider plans to reduce its workforce of 12,000 by approximately 3000 by the end of the second...Read more
Temporary layoffs and worktime reduction at Wärtsilä
To mitigate the negative impact caused by the pandemic, Wärtsilä is taking steps to minimise the negative impact on its operations. These actions include reduced worktime and temporary layoffs of personnel. The Finnish manufacturer had immediately...Read more
Aker Solutions to temporarily lay off nearly 6650 employees
Aker Solutions might temporarily lay-off as much as 6650 of its 16,000 employees. The company has also initiated an early retirement program and frozen all salaries including that of executive management. ‘The first months of...Read more