National Oilwell Varco Inc., the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments.
It plans to cut 900 permanent jobs and 600 contractors, the firm said in a statement on Wednesday.
"The reason for the lay-offs is the big change in the market situation for our industry over the last year with reduced investments and reduced sale of new equipment," it said.
"The uncertain market situation also means that we can't say how comprehensive the process of laying off people will be in the longer term".
Norway's Statoil said on Tuesday it will cut up to 7 percent of its workforce and a third of its consultants by the end of 2016, adding to staff cuts already implemented as it battles low oil prices and shrinking margins.
(Reporting by Stine Jacobsen)
Featured Jobs
Captain - USCG UTB 41
Bronx, New York, United States
Able Seaman(AB)
Braintree, MA, United States
Tour Boat Captain
Inlet Cruise CompanyMurrells Inlet, South Carolina, United States
Lecturer, Assistant, Associate or Professor 10 Months in Marine Engineering STCW
Bronx, New York, United States
Lecturer or Assistant Professor 10 Months in Marine Transportation
Bronx, New York, United States
Visiting Instructor 10 Months in Marine Transportation
Bronx, New York, United States
FIRST CLASS MARINE ELECTRICIAN
Houma, LA, United States
2nd Engineers for Container vessels- NSB GROUP
GOOD WINDS Marine ServicesConstanţa, Constanta, Romania
Sales Representative
Remote, Remote, United States