TTS Group ASA: Temporary Workforce Reductions In Business Unit Offshore

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.

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