Apply Sørco

Type
Internal restructuring
Country
Norway
Region
Norge; Vestlandet; Rogaland
Location of affected unit(s)
Stavanger
Sector
Mining / Quarrying
09 - Mining support service activities
09.1 - Support activities for petroleum and natural gas extraction
09.1 - Support activities for petroleum and natural gas extraction
50 - 75 jobs
Number of planned job losses
Job loss
Announcement Date
29 August 2014
Employment effect (start)
1 October 2014
Foreseen end date

Description

Petroleum services company Apply Sørco has informed its staff that 50-75 employees will be dismissed. CEO Peder Sortland underscores that this is an early figure, which will be discussed further with the union. The dismissals will mostly affect onshore personnel. The dismissals in Apply Sørco follow several other restructurings in the Norwegian petroleum services industry, as a result of major projects being postponed by Statoil and other oil companies.

Citation

Eurofound (2014), Apply Sørco, Internal restructuring in Norway, factsheet number 77589, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77589.