November 3 - 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 on September 17, TTS Business Unit Offshore has now given notice to another 40 full time equivalents that they will be laid off, which equates to 50 percent of the company's workforce being laid off.
The company says that the significant adjustment is due to the current offshore market situation, which is very challenging with low demand for services.
www.ttsgroup.com
