60 lose their jobs at Framo Flatøy

60 lose their jobs by Framo Flatøy Fuel oilSkimming, Oil Spill Skimming Photo: Framo Flatøy.

The Hordaland company Framo Flatøy, which supplies pumps for oil and gas industry, is firing  60 employees.
The decline in the offshore sector is the reason why the company has to downsize, the newspaper Bergens Tidende writes.
– The market has come to a complete stop. I can confirm that we will reduce the workforce by 60 FTEs, and that it will be through dismissals,  CEO Oddbjørn Jacobsen says.
The staff is already notified, and the process will be completed during April. These downsizing will be in full effect from August.
The company, which is located just north of Bergen, is part of the Frank Mohn Group and currently has 330 employees. Last autumn,  30 people  lost their jobs because of downsizing. Jacobsen says they may have to fire more people in the fall.
– Of course we think this is sad on behalf of those it affects. But the decline in oil and gas sector has been both deeper and more prolonged than we imagined it would be, the Framo Flatøy-boss says.

Source: NTB scanpix / Norway Today