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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.22 - Service activities incidental to water transportation
100 jobs Number of planned job losses
Announcement Date
23 September 2014
Employment effect (start)
15 February 2015
Foreseen end date
Description
Coast Center Base (CCB) is to cut at least 100 jobs, as its supply base in Ågotnes is no longer supplying Statoil’s oil fields in the North Sea. CCB will transfer some of the employees to the supply base at Mongstad, after having bought Mongstad base in February.
The plan for a possible restructuring in CCB was intially announced in September 2014. On 9 April 2015, the company confirmed that the restructuring would be completed and that the cuts will be permanent. The first dismissals were made in February 2015, and 25 percent of the cuts had been made by April. The process will be completed by the end of the year, and the next round of dismissals will be made in May.
The background for the restructuring is the fall in the price of oil and reduced investment activity in the North Sea. About 10,000 jobs have been cut in the Norwegian petroleum sector over the past year. Statistics Norway has estimated that as much as 30,000 jobs directly related to petroleum investment activity may be cut before 2018.
Sources
10 October 2015: Maritimt forum
9 April 2015: Maritime
23 September 2014: Bergens Tidende
Citation
Eurofound (2014), Coast Center Base, Internal restructuring in Norway, factsheet number 79223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79223.
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.
