Schlumberger, the world’s largest oilfield services provider, has announced new cuts in its Norwegian operations, following the difficult market situation in the North Sea.
The French company did not go into how many jobs will disappear at its Norwegian branches.
“We understand that this is difficult for those who are affected, especially in the current recession, but as a service company, we must constantly adapt our resources to demand”, the company told Norwegian online business newspaper E24.
Schlumberger Continues Downsize In Norway
The global cuts announced in January and April have not been enough and the sudden downfall in activity required new cost-saving measures. According to the company’s media relations officer Lianne Olsen, Schlumberger’s operations in Norway have been suffering adjustments since 2014.
“Schlumberger regrets that it must reduce the number of positions in its branches in Norway. This will happen through temporary layoffs and terminations and is a result of the current industry downturn”, she said.
The company had already cut 10% of its workforce. According to E24, Schlumberger had approximately 4,000 employees and contractors by the end of 2014 and the cuts implemented last year correspond to around 400 people.
20,000 Job Cuts In 2015
In January, the Norwegian CEO of the company announced that new cuts would be implemented in the fourth quarter of the year, with a total of 10,000 job cuts. Last year, two major rounds of job cuts became effective, with a reduction of 9,000 positions in January and 11,000 in April, at a global level.
The company’s spokesperson declined to comment on how many jobs would be cut with this announcement, but said the unions have been informed.
The French oil services firm has offices in Oslo, Stavanger, Bergen and Trondheim, as well as bases along the Norwegian coast.