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.
Offshore installations and plants onshore at Mongstad and Kårstø
Sector
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06 - Extraction of crude petroleum and natural gas
352 jobs Number of planned job losses
Announcement Date
18 September 2008
Employment effect (start)
1 April 2009
Foreseen end date
31 December 2009
Description
Norwegian oil and gas company StatoilHydro - formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro - announced the loss of several hundred jobs by reorganising its offshore and onshore industrial activities. The planning process started in early 2008 while the expected number of job losses was announced in the media in September 2008. The unions have protested fiercely against the announced reduction of 680 workers (out of a total workforce of 5,000 offshore workers) and the number was reduced to 440 in October. Discussions between unions and management continue. StatoilHydro restructured its onshore office activities with the loss of 2,500 white collar jobs in 2007.
After more discussions a revised offshore organization model was decided 22nd of December, and the final job cut turned out to be 352. The new model will be gradually be introduced throughout 2009.
Sources
22 December 2008: Dagens Næringsliv/NTB
18 September 2008: Stavanger Aftenblad
18 November 2008: Stavanger Aftenblad
Citation
Eurofound (2008), StatoilHydro, Merger/Acquisition in Norway, factsheet number 67372, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67372.
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