Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Marine service provider DOF Subsea is to cut both onshore and offshore staff in Norway by at least 60 employees.
The company has started the selection process, which will continue through June and July. The drop in crude oil prices and subsequent fall in activity on the Norwegian continental shelf is the main reason that the company is now forced to dismiss employees. Those affected will mainly be ROV (remotely operated underwater vehicle) and survey staff, as there is less need for employees operating the company's submersible vehicles, surveying ocean floor and inspecting underwater installations. A union representative said that while it is a shame the highly competent employees are being dismissed, the company is handling the process well given the difficult market situation. DOF Subsea employs 1850 worldwide, 250 of which in Norway. The Norwegian branch temporarily dismissed 31 offshore employees at the end of 2014, most of which returned to work shortly afterwards. Eight employees on the mainland were dismissed earlier in 2015.
Eurofound (2015), DOF Subsea Norway, Internal restructuring in Norway, factsheet number 83682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83682.