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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.2 - Technical testing and analysis
600 jobs Number of planned job creations
Announcement Date
4 July 2006
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006
Description
Established in 1864, DNV is an independent foundation which is a leading international provider of services for managing risk. DNV operates in multiple industries internationally, but the strongest market presence and largest customer base is within maritime, oil & gas and process industry and transportation (rail, automotive and aviation). Core activity is classification of ships and the core competence is identifying, analyzing and managing of risk.
The group has about 300 offices in almost 100 countries. The group has about 6,500 employees, whereof 2000 in Norway. The head office is at Høvik, outside Oslo. On 4 July 2006 the group announced that they had already grown with 400 employees this year and plan to increase this number with 500 more before the year ends. Of these 900 new jobs in 2006, 300 will be employed in Norway and 600 in other countries. The growth outside Norway will be all over the world, but Det norske Veritas especially mentions an increase of 50-60 in China and 40-50 in Brazil. There will also be a substantial number of new employees in India and Europe outside Norway. The group expects the growth to continue and plans to expand with additional 1,000 new employees worldwide in 2007.
The group states that it is mainly organic growth (60%), but also buying of niche companies contributes to the growth. The reason for growth is the growing need worldwide for managing risk and safeguarding life, property, and the environment because of the society's increasing dependency of vulnerable advanced technology, especially ICT systems.
Sources
4 July 2006: Aftenposten
Citation
Eurofound (2006), Det norske Veritas, Business expansion in World, factsheet number 63841, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63841.
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