Internal restructuring
Location of affected unit(s)
Offshore, Trondheim, Bergen
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30.11 - Building of ships and floating structures

130 - 525 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2014
Employment effect (start)
20 December 2014
Foreseen end date


Reinertsen, civil engineering, construction, and petroleum industry has scaled down its activity in offshore petroleum installation, dismissing 130 employees in Norway.

The dismissals are based on seniority. The company has reportedly been working closely with the unions on the issue. This is the first major restructuring in the company, and Reinertsen’s management has indicated that the company might rehire some staff in 2016. At the same time, further cuts are not ruled out at this point. The dismissed employees were mainly operators working on oil platforms.

The restructuring is a result of a lack of new contracts with the petroleum companies, following the declining oil price and falling investment activity. Reinertsen is one of several companies downsizing in response to the reduced oil price and rate of investment in the North Sea. About 10,000 jobs were cut in the Norwegian petroleum sector over the past year. Statistics Norway has estimated that as much as 30,000 jobs directly related to petroleum investment activity may be cut before 2018.

Update, March 2015: In addition to the 130 employees who were dismissed, 200 engineers were temporarily laid off in Bergen and Trondheim in 2014. Another 50 engineers were temporarily laid off in January 2015. In March, Reinertsen decided to temporarily lay off an additional 145 employees in engineering and processing. In total, Reinertsen's staff has been reduced by more than 500. Reinertsen stated that they intend to put the temporarily laid off employees back to work, if new projects can be acquired.


  • 21 November 2014: Adresseavisen
  • 21 November 2014: E24
  • 2 March 2015: Dagens Næringsliv
  • 17 March 2015: Dagens Næringsliv


Eurofound (2014), Reinertsen, Internal restructuring in Norway, factsheet number 78758, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78758.