Restructuring events
European Restructuring Monitor (ERM)
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.
FMC Technologies, provider of equipment and services for the petroleum industry, is to cut its staff in Norway by 400 employees. The restructuring will affect 350 permanent employees and an additional 50 hired consultants. The company's Norwegian headquarters are located in Kongsberg, with additional sites in Asker, Ågotnes, Stavanger, Kristiansund and Florø. Employees were informed about the restructuring on 10 June, following a board meeting held on the same day. The board's decision means that cuts are likely to affect all parts of the company. Direct dismissals will be used, but it is not decided yet how many this will be affected. determined decision will be taken this summer, and the restructuring process is to be finished by the end of September. Negotiations with the unions will start immediately.
The Norwegian branch of the company slowed down and subsequently froze all hiring in 2014. In January 2015, the company announced that 120 employees would be made redundant. FMC Technologies is the world's largest manufacturer of equipment and services for subsea oil and gas production, employing 19,700 in 30 countries.
Eurofound (2015), FMC Technologies Norway, Internal restructuring in Norway, factsheet number 83687, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83687.