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.