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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.12 - Engineering activities and related technical consultancy
215 jobs Number of planned job losses
Announcement Date
16 June 2015
Employment effect (start)
16 July 2015
Foreseen end date
31 December 2015
Description
Petroleum services company Kongsberg Oil & Gas Technologies is reducing its staff in Norway by 90 permanent employees, mostly at its headquarters in Asker. This round of restructuring comes in addition to several previous adjustments and natural wastage which has reduced the company's staff. Including the recently announced cuts, the number of jobs cut since May 2014 will be 215. The fall in crude prices and difficult market situation in the petroleum sector is the main reason for the restructuring. The company decided to opt for permanent dismissals rather than temporary dismissals, as they expect that the future contract situation will dictate a smaller staff. The cuts will be completed by the end of the year.
Sources
16 June 2015: Telen
16 June 2015: Dagens Næringsliv
6 November 2014: Metal Supply
Citation
Eurofound (2015), Kongsberg Oil & Gas Technologies, Internal restructuring in Norway, factsheet number 84242, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84242.
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