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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer Consultancy Activities
130 jobs Number of planned job losses
Announcement Date
18 December 2024
Employment effect (start)
Foreseen end date
Description
Volue, a Norwegian technology and analytics company specializing in software solutions for the power industry, is reportedly planning to cut around 130 of its nearly 800 jobs. The job reductions will affect several units across its offices in Norway, including those in Arendal, Oslo, and Trondheim.
The company provides software and services for power generation planning, energy trading, grid operations, and market forecasting. The restructuring comes as part of a strategic adjustment to sharpen Volue’s product focus into 2025. According to CEO Trond Straume, the company will increase efforts in some areas while scaling back in others, necessitating a capacity adjustment across parts of the organisation.
The affected roles and locations have not been fully specified, and the company has refrained from confirming or commenting on the number of 130 jobs to be cut, as reported in the media.
Eurofound (2024), Volue, Internal restructuring in Norway, factsheet number 202184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202184.
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