September 18 - TTS Group subsidiary TTS Offshore Solutions has decided to implement temporary workforce reductions with immediate effect.

A workforce of approximate 30 full-time equivalents will be temporary laid off, while another approximate 20 full-time personnel will be contracted out to other TTS companies.

The adjustment affects approximately 40 percent of the workforce of TTS' offshore operations in Norway and Poland.

The company explained that the reasons for the adjustments were linked to the current offshore market situation.