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.
Nammo, an aerospace and defense company headquartered in Norway, plans to create about 1,000 additional jobs, primarily in production and related functions at Raufoss, with potential expansion to other Norwegian sites. The expansion is driven by high demand for artillery ammunition and rocket motors, rising as the war in Ukraine is increasing national defense investments as well as Norwegian military aid to Ukrain through the Nansen programme.
This has resulted in extensive facility build-outs at Raufoss (including around 20 buildings and a new weapons plant adding ~100 jobs), and an order backlog projected to exceed NOK 50 billion by 2030 (from NOK 25 billion in April 2024). Nammo reports around 500 hires already in 2025 and is currently recruiting, aiming to complete the additional 1,000 hires by 2029. Job creation will be supported manufacturing capacity expansion and supplier-network growth, possible siting of ammunition production at additional Norwegian locations, and pursuit of state support.
Some local industry actors have expressed wage-pressure concerns that the company contests. In addition to the national expansion, Nammo is also licensing technology to Ukraine and has entered into a joint venture to produce, develop and sell ammunition in Ukraine.
Nammo operates internationally (historically 28 sites in 12 countries), is owned 50% by the Norwegian state and 50% by Finland’s Patria (with Kongsberg Gruppen as a minority owner of Patria), and reports a current global workforce of ~4,000 with plans to reach ~7,000 within four years.
Eurofound (2025), Nammo, Business expansion in Norway, factsheet number 203626, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203626.
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