The company has initiated a process with the aim of reducing administrative expenses at the office in Aalesund. The employees have today been informed about the process, which will conclude by the end of February 2016.
– The current market situation is challenging. In order to strengthen the company’s competitiveness, we are working continuously to keep costs at the right level, says Karl-Johan Bakken, CEO of Farstad Shipping.
MEASURES ONSHORE AND OFFSHORE
As part of a larger process, Farstad Shipping has since 2014 implemented a number of cost-saving measures both onshore and offshore. The company’s branch office in Aberdeen has been closed down, it is carried out redundancies and layoffs among seafarers, sales of older vessels are completed and seven vessels are currently laid up in the North Sea region. Further measures are expecting ahead.
– By initiating these measures, we are preparing for the future. Our advanced fleet as well as a sharpened organization with much expertise will secure our position as a leading player in our industry, Bakken says.