Aker to Cut 280 Jobs in Britain
Norwegian oil industry engineering group Aker Solutions is to cut around 280 jobs, 11 percent of its U.K. workforce, in its Aberdeen and London offices, the company said on Tueday, blaming poor market conditions.
Aker suspended dividend payments in February and warned market conditions would remain challenging as the slump in oil prices has led to reduced spending by oil companies.
"Aker Solutions (has begun) a consultation with employee representatives on reducing its UK Subsea workforce capacity because of a continued market slowdown," said a spokesman.
Aker has