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.
Rosenberg Worley, a Norwegian shipyard and offshore fabrication company in Stavanger, announced that about 300 jobs (around 30% of the workforce) may be cut at the Buøy yard.
The cuts were communicated to employees at an all-hands meeting after the company lost a major contract to an Italian yard, with management citing a lack of work in the pipeline. Job reductions are expected to proceed during autumn 2025, but specific job categories and contract types have not been detailed publicly at this stage.
Union representatives indicate work remains through year-end, but not enough to sustain current staffing levels, indicating worry about potential layoffs rather than short-term furloughs. No final mix of reduction measures has been announced. The company-level union describes the situation as “a challenging time” and is engaging with management. Employer organisation NHO Rogaland’s regional director calls it “a dark day” for the region and signals concern about broader industrial ripple effects.
Rosenberg Worley is a long-established shipyard with over 100 years of activity.
Eurofound (2025), Rosenberg Worley, Internal restructuring in Norway, factsheet number 203331, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203331.