LIMASSOL, Cyprus – Songa Offshore says it is changing from a largely projects organization to an optimized operating organization.
As part of this process, the company plans to reduce its onshore employees and contracting staff by respectively 76 and 124, in response to the continued market downturn.
Songa will centralize its support functions out of Norway and close its offices in Aberdeen and South Korea. These locations and Stavanger will bear the brunt of the headcount reductions.
The company hopes these measures will cut $30 million from its annual operating expenditure.
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