2,400 may lose their jobs at Statoil

2,400 may lose their jobs at Statoil

Oslo: Statoil plans to downsizes and cut up to 20% of its workforce in its technical division. Currently the company employs  12,000 engineers. The cut could mean that 2,400 employees  have to line up at the employment office.  The plan for downsizing  will be submitted in May, writes Dagens Næringsliv.

Statoil has already  said they will reduce their headcount by 500, according to Stavanger Aftenblad.  150 skilled worker positions offshore were cut on Friday, while the remaining 350, who work on onshore, will be considered in conjunction with the proposed, staffing cuts in  the technical area.  The current downsizing offshore has been conducted as early retirement and natural attrition.

Statoil has to be more careful with the proposed next round. Stig Lægreid from engineering organization NITO and the employee representative in the Statoil board, hopes that Statoil will be able to avoid a second round where up to 2,000 employees must go while CFO Torgrim Reitan pointed out the obvious; an oil price of $50 per barrel means that revenue will be halved.


Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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