Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Statoil is a Norwegian company operating in the oil and gas industry. This company was established in 1972 and it is the largest company in the country. In recent years, a number of IT-related security incidents have happened. For instance, a cyber attack disrupted oil loading at the company's Mongstad refinery in 2014. This incident led Statoil to create a risk assessing task-force. The internal reports identified potential security problems after risk assessment were carried out. As a result, Statoil decided to move its most "critical" tasks from Indian provider HCL back to Norway. 10-15 new job positions will be established in Norway thanks to the relocation.
Eurofound (2017), Statoil, Reshoring in Norway, factsheet number 120, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/120.