Aker Solutions has announced plans to streamline its subsea business in Norway, a decision that will lose 600 jobs.
The company's latest move at the time of continued market slowdown comes in a bid to support leaner processes and improve overall operations.
The layoffs are expected to take place at facilities in Fornebu, Moss, Tranby and Ågotnes.
Aker plans to make workforce reductions through normal employee turnover and redundancies.
Aker Solutions Norwegian operations head Per Harald Kongelf said: "These are tough but necessary measures to strengthen the subsea business' competitiveness during a challenging time for our industry."
Restructuring of the company's global subsea business is aimed at improving development of its subsea technology and products as it plans to expand business in major markets outside Norway.
Aker Solutions subsea business head Alan Brunnen said: "We are proactively building on our strengths in the subsea area, where our competence, technology and strong customer relationships put us in a prime position to capture opportunities when the market recovers."
In 2015, the company reduced capacity in its global subsea business by about 1,000 permanent positions and made more than half of the adjustments in Norway.
Around 7,000 of Aker's 15,000 permanent employees in 20 countries are in the subsea area. Approximately 2,500 of them are in Norway and the rest are in Brazil, Angola, Malaysia, the US, and UK.
Image: The layoffs will take place at Aker's facilities in Fornebu, Moss, Tranby and Ågotnes. Photo: courtesy of Aker Solutions.