Not familiar with that particular model, but sounds like the hydraulic pump is losing it's prime and it would be running dry all the time the warning light is on. I suspect the pump is a dry sump, meaning the pump has to draw oil up out of the tank before it can start pumping. So, it's running, up to temperature, oil is thin. Shut it off, thin oil drains back to tank, gets cold, and is very difficult to draw back up to the pump.
Maybe someone knows, or find a schematic, see if there is a check valve in the suction line to prevent this. It could also be that the pump is getting weak or possibly a leak on the suction side of the pump.
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