New Wave Media

Norwegian oil services firm Aker Solutions said on Thursday it planned to cut 150-200 jobs out of 3,000 in its subsea division as low oil prices made companies to cut spending.

 

"Our Norwegian subsea services unit has had a slow start to the year as oil companies reduce spending and delay some projects," Per Harald Kongelf, head of Aker Solutions in Norway, said in a statement.

 

In February, the firm announced up to 300 lay-offs within the maintenance, modifications and operations (MMO) division.