The lay-offs, which are spread globally and will take place in 2014 and 2015, will save around $40m annually, with redundancy costs expected to be around $25m.
The company also announced that its corporate headquarters will move to Amsterdam in the third quarter 2015 from its current offices in Monaco.
SBM Offshore ceo Bruno Chabas,commented: "Although we regret losing some of our colleagues, we believe these steps are necessary to deliver value to our stakeholders and drive profitable growth over time."
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