Haugesund, Norway, 19 October 2026: Reach Subsea ASA ("Reach" or the "Company")
provides an update on the ongoing collective bargaining process with SAFE.
The mediation between Reach and SAFE concluded without an agreement by the
mediation deadline at midnight on 16 October 2026. As a result, industrial
action has commenced and six offshore employees covered by the SAFE Offshore
Collective Agreement have been called out on strike.
The Company is currently assessing the operational and financial implications of
the industrial action. At this stage, Reach continues to monitor the situation
closely and remains focused on maintaining safe and efficient operations across
its projects.
Reach remains committed to constructive dialogue with SAFE and to finding a
mutually acceptable solution as soon as possible.
The Company will provide further updates should there be any material
developments.
For further information, please contact:
Arne Joa
Chief Financial Officer
Reach Subsea ASA
E-mail: arne.joa@reachsubsea.com
About Reach Subsea
Reach Subsea delivers its services through a versatile fleet of vessels,
including survey, IMR, construction support, and remote vessels. Our teams
operate worldwide, providing inspection, maintenance, construction support,
survey and data services across multiple industries, supporting clients
throughout every stage of their project lifecycles. Our offshore teams are
powered by advanced ROV technology and backed by onshore engineering expertise,
turning complex ocean challenges into reliable solutions. With over 500 skilled
professionals and offices in Norway, Sweden, the UK, the US, Brazil, Trinidad,
Australia, and Singapore, our vision, 'Sustainable access to ocean space',
drives safe, innovative, and sustainable subsea operations.
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drives safe\, innovative\, and sustainable subsea operations.\