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.
Beerenberg, a company working with maintenance services for the oil- and gas industry, is reducing its staff by 250 employees. The company's employees are mainly located in Bergen and Stavanger, as well as offshore. The restructuring will affect several locations. Beerenberg cut its staff by 150 in 2014, as previously reported. The difficult market situation in the wake of falling crude prices and reduced investment is heavily affecting the Norwegian petroleum sector. Despite record earnings last year, new cuts are seen as "absolutely necessary to adapt to the market we operate in" according to Ole Klemsdal, Vice President of Communications.
The company's management has been in dialogue with the unions previous to the announcement. Union representative Christian Jørgensen states that it is sad and difficult to lose 250 co-workers, but report that the dialogue with the employer has been satisfactory.
Eurofound (2015), Beerenberg, Internal restructuring in Norway, factsheet number 85168, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85168.