The latest cutbacks are due to overcapacity as a result of completion of a newbuild project, news site Offshore.no reported.
“The market remains very challenging and there is no indication the downturn will ease in the foreseeable future,” a spokesman was quoted as saying.
The Bergen-based company last month decided to lay off 250 workers after losing out to rival Bilfinger on a contract to provide insulation, scaffolding and surface treatment services at ConocoPhillips’ Ekofisk field off Norway.
The
