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.
Norwegian energy company Equinor has announced that it will cut 250 jobs worldwide.
The restructuring program will result in Equinor concentrating on a reduced number of countries, exiting Spain, Portugal, France, and Vietnam. The source also reports that the company is scaling back offshore wind plans in Australia. The job cuts will focus on renewable energy staff. The restructuring aims to streamline operations amid economic challenges. Despite setbacks, the company remains committed to its renewable energy goals, including offshore wind projects like Dogger Bank in the UK, Baltyk in Poland, and Empire Wind in the US.
Founded in 1972, Equinor is primarily an oil and gas producer but is also expanding into wind and solar energy. The company is present in approximately 30 countries, with around 22,000 employees.
Previous Equinor events have been recorded in the ERM events database: EQUINOR-2022-NO EQUINOR-2022-WO
Eurofound (2024), Equinor , Internal restructuring in World, factsheet number 202039, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202039.