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.
The Norwegian University of Science and Technology (NTNU), will cut approximately 100 full-time equivalent (FTE) positions across two faculties. 70 FTE positions will be cut at the Faculty of Medicine and Health Sciences, while 20 to 30 positions will be cut at the Faculty of Social and Educational Sciences.
The job cuts are part of NTNU's plan to balance the budget, requiring savings of between 80 and 100 million NOK by 2027. Declining student enrollment, particularly in teacher education programs, and reduced state funding are the primary reasons for the financial difficulties. NTNU plans to use voluntary severance packages to avoid direct dismissals. The central collaboration committee, which includes union represenatives and university management, will decide on the details of the severance packages and the duration of severance pay, which can range from six to 24 months. Worker representatives have voiced concern about losing valuable staff and the impact on teaching quality, calling for thoughtful management to mitigate negative impacts on teaching and research functions as well as for affected employees.
Eurofound (2024), NTNU, Internal restructuring in Norway, factsheet number 201189, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201189.