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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production Of Electricity
250 jobs Number of planned job losses
Announcement Date
20 November 2024
Employment effect (start)
20 November 2024
Foreseen end date
Description
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.
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.
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