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 - Extraction of crude petroleum and natural gas
1,000 jobs Number of planned job creations
Announcement Date
27 April 2022
Employment effect (start)
27 April 2022
Foreseen end date
31 December 2022
Description
Equinor, Norway's largest and partly state-owned energy company, is planning to hire 2000 new employees in 2022. The number includes new hires worldwide, mainly in Brazil, UK, US, and Asian countries, but the majority of the new positions will be in Norway. The company does not want to disclose the exact number of new positions in Norway.
Surging oil and gas prices are increasing the company's revenues, but Equinor explains its ambitious recruitment strategy as stemming from factors independent from this. First, the company needs new competences to bolster the growth in renewable energy industry, as it wants to expand beyond petroleum and to be part of the green transition. New recruitment is needed after hiring freezes during the pandemic in 2020 and in the first half of 2021; in addition, the company will have to replace senior employees who will be soon eligible for retirement. New roles will be available throughout the company. Of the 2000 new positions, 150 will be in the company's graduate programme. Equinor underscores the need for Vocational Education and Training (VET)- educated operators, aiming to recruit several hundered across Norway, UK and Brazil.
Headquartered in Stavanger and founded in 1972, Equinor is primarily an oil and gas producer but is also expanding into wind and solar energy. It currently employs over 18 000 people in Norway and 21 000 in total.
Previous business expansion is recorded in the ERM database in 2019, with 250 jobs created (Equinor-2019-NO).
Eurofound (2022), Equinor, Business expansion in Norway, factsheet number 106715, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106715.
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