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 71.12 - Engineering activities and related technical consultancy
60 - 80 jobs Number of planned job losses
Announcement Date
27 October 2014
Employment effect (start)
1 December 2014
Foreseen end date
1 January 2015
Description
Odfjell Drilling is reducing the staff in its technology division by 60 to 80 employees as a result of declining demand for offshore drilling services in Norway. The division has 250 employees. Cuts will be made mostly in Bergen, some in Stavanger.
The petroleum sector in Norway is experiencing declining activity, with about 5000 jobs cut in 2014. Oddfjell Drilling has awaited the situation for some time, but does not expect rising demand in the modification and maintenance market in the near future. This round of restructuring comes in addition to cuts amounting to 40 full time positions in Stjørdal, in the spring of 2014. Those affected in this round will not be offered severance packages, and there will be direct dismissals. Dismissals will be sent out in November. The company is now working to further reduce costs, but does not anticipate further staff reductions.
Sources
27 October 2014: Bergens Tidende
28 October 2014: Dagbladet
28 October 2014: Dagens Næringsliv
Citation
Eurofound (2014), Odfjell Drilling Technology, Internal restructuring in Norway, factsheet number 77787, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77787.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
