Farstad Shipping ASA reduces the number of employees at the office in Aalesund
Farstad Shipping has today decided to reduce the size of the organization at the office in Aalesund with 26 positions.
In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. The employees have today been informed about reductions in the workforce.
- It is regrettable that highly skilled employees now lose their job. The current market situation is challenging, and with seven ships laid up in the North Sea region including layoffs among seafarers, we also have to reduce the number of onshore employees, says Karl-Johan Bakken, CEO of Farstad Shipping.
As part of a larger process, Farstad Shipping has since 2014 implemented a number of cost-saving measures both onshore and offshore. The company's branch office in Aberdeen has been closed down, redundancies and layoffs among seafarers have been carried out, sales of older vessels are completed and seven vessels are currently laid up in the North Sea region. Further measures are expecting ahead.
- By initiating these measures, we are preparing Farstad Shipping for the future. We have been through heavy storms before, and our advanced fleet as well as an organization with high expertise, will secure our position as the leading player in our industry, Bakken says.
Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 59 vessels (30 AHTS, 23 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company's operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with 2,100 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.