Store Norske Spitsbergen Grubekompani

Type
Internal restructuring
Country
Norway
Region
Norge; Nord-Norge;
Location of affected unit(s)
Svalbard
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite
100 jobs
Number of planned job losses
Job loss
Announcement Date
23 February 2009
Employment effect (start)
1 March 2009
Foreseen end date
31 December 2010

Description

The state-owned coal mining company Store Norske Spitsbergen Grubekompani at Svalbard has announced that it is to reduce its workforce from 400 to 300 employees during the coming two years. As the coal prices have now dropped dramatically, the manager, Bjørn Arnestad, told the newspaper E24 that the company had to cut costs by 15% to prepare for a challenging future. The company will therefore reduce the scale of hired services as well as the number of employees. The manager told E24 that there will be no dismissals.

Sources

  • 23 February 2009: E24

Citation

Eurofound (2009), Store Norske Spitsbergen Grubekompani, Internal restructuring in Norway, factsheet number 68363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68363.