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.
Kongsberg Defence & Aerospace (KDA) will recruit 500 new employees in 2024, to staff a new missile factory under construction in Kongsberg, Norway. The new 25.000 square meter facility will produce the Naval Strike Missile (NSM) and Joint Strike Missile (JSM) and will open during the summer of 2024. In total, the facility will employ around 1200 workers.
KDA is a fully owned subsidiary of the Kongsberg Group. The defence industry in Kongsberg has seen a sharp rise in demand after the outbreak of the war in Ukraine and KDA has recruited around 500 new employees in both 2022 and 2023, and aims for at least the same increase in 2024. KDA has applied for additional funding through the EU-programme ASAP, aimed at increasing weapon deliveries to Ukraine and re-stock the arsenals of EU member states. The Norwegian government is funding expansion in the defence industry both through EU programmes and direct funding, recently announcing an additional two billion NOK investment in ammunition production at various sites in Norway. Ammunition manufacturer Nammo, also partly owned by the Kongsberg Group, is a main beneficiary and will increase its staff with 700 new employees in Raufoss over the next six years, as a result of this funding.
Eurofound (2024), Kongsberg Defence & Aerospace , Business expansion in Norway, factsheet number 200734, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200734.
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