Hoegh Autoliners is cutting 40 jobs at its head office in Oslo.
The move, which comes three months after the departure of two top executives, shrinks the headcount at its headquarters to 70.
The cuts come as the car-carrier operator seeks to navigate difficult market conditions.
Chairman Leif O Hoegh said: “We regret losing good colleagues who have contributed to the company’s progress for many years and thank them for their hard work.”
