Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Mining Support Service Activities
09.90 - Support activities for other mining and quarrying

100 - 350 jobs
Number of planned job losses
Job loss
Announcement Date
5 November 2020
Employment effect (start)
4 November 2020
Foreseen end date
31 December 2020


As a consequence of the merger of the two oilfield services companies Aker Solutions and Kværner, 350 jobs will be cut in the administration of the 'new' Aker Solutions. The majority of these cuts will be in Norway. The company will try to provide alternative work internally in the organisation for those affected, and states that it is too early to provide a number of direct dismissals.

The merger was first announced in July, along with a plan for continued cost cuts and staff reductions in both companies, with a target of 30% cost recuction (approximately €150 million). Cost cuts were started in both companies as a consequence of the drop in oil prices and following the COVID-19 pandemic.    

Staff reductions in other areas of the company have already been made and more are expected. The merger plan implies a total reduction in staff numbers from 18,800 in 2019 to around 15,000. 


  • 21 November 2020: E24 (e24.no)
  • 17 July 2020: Dagens Næringsliv (www.dn.no)


Eurofound (2020), Aker Solutions, Merger/Acquisition in Norway, factsheet number 102597, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102597.