TTS Business Unit Offshore, a part of TTS Group ASA, has decided to implement further temporary workforce reductions with immediate effect in the subsidiaries in Norway and Poland.
In addition to the notice given September 17, TTS Business Unit Offshore give notice for layoff of another 40 full time equivalents, leading to a 50% temporary layoff of all employees in average.
The significant adjustment is due to the current offshore market situation, which is very challenging with low visibility on the sales side.
Bergen, 2nd November 2015
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com
Contact persons:
Björn Andersson
CEO
M: +47 911 33 671
Henrik Solberg-Johansen
CFO
M: +47 982 06 438
Miao Reinlund
SVP Corporate Communications
M: +47 900 65 883