Sector News

Categories

Borderless Insights

Image
Negotiating Terms with a New Employer
Image
Beyond Flowers and Platitudes: Reclaiming the Essence of International Women’s Day
Image
Visionary or ‘Stuck-in-the-Mud’? Where are you on Workplace Flexibility?

Norway’s Statoil could cut workforce by 2,000

June 12, 2015
News
(Reuters) – Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.
 
The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday.
 
According to DN, 1,500 employees will be laid off, as well as 500 hired workers.
 
The cuts would be part of Statoil’s technical efficiency programme announced in February, which targets a $1.7 billion annual cost reduction.
 
A Statoil spokesman told Reuters that there was no basis to comment before a decision had been made.
 
Statoil employed 22,500 workers at the end of 2014 with 19,700 based in Norway.

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

Read more
August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

Read more
August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

Read more
More news

How can we help you?

We're easy to reach