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.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.10 - Extraction of crude petroleum
200 jobs Number of planned job losses
Announcement Date
11 June 2021
Employment effect (start)
1 August 2021
Foreseen end date
31 December 2022
Description
The American multinational oil and gas company ConocoPhillips is cutting 200 out of 950 jobs at the head office in Tananger, Stavanger, Norway. The job cuts were set out in a plan to reduce costs announced on 11 June, and are to be implemented by 2022. Management at the firm attributes the decision to the need to remain competitive in the face of expected production revenues.
The employees were informed about the job reduction plan in a digital meeting. Shortly after the meeting, the company sent an open offer for severance packages to all employees at the head office. Age and seniority will be criteria for how much the employees can reach in the severance packages. The offer is open until after the summer holidays.
Union representative Eirik Birkeland in Industri Energi (Industry Energy), which is part of the Norwegian Confederation of Trade Unions LO, does not agree with the way the staff reduction target is set, and states that the union will not accept redundancies before the goal of 200 is reached through severance packages. Since March, the union has been informed regularly about the staff reduction plans.
In addition to the job cuts onshore, ConocoPhillips has launched the cost reduction plan Ekofisk 2030+ for offshore operations at the Ekofisk plant, which includes streamlining, outsourcing and plans for staff reduction over time. The union has expressed their concerns to the company's management of the many restructuring processes that are taking place at the same time, as well as their concerns that there will eventually be involuntary dismissals.
ConocoPhillips recently celebrated 50 years of production at the Ekofisk plant outside of Tananger. The company headquarters are based in Texas, USA, and have operations in 17 countries worldwide.
Eurofound (2021), ConocoPhillips, Internal restructuring in Norway, factsheet number 104955, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104955.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
