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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.11 - Building of ships and floating structures
500 jobs Number of planned job losses
Announcement Date
4 April 2016
Employment effect (start)
25 April 2016
Foreseen end date
31 July 2016
Description
Aibel, a service company in the oil and gas industry, will cut 500 employees at various locations in Norway. About 235 of the positions will be cut in Sandnes, but also the sites in Haugesund, Bergen, Kristiansund, Stjørdal and Harstad will be affected. The economic downturn in the petroleum sector is heavily affecting the company, which has already undergone several rounds of restructuring in 2015, 2014 and 2009. Union representatives report that they intend to engage in dialogue with the company in April, while the process is expected to take at least three months.
Eurofound (2016), Aibel, Internal restructuring in Norway, factsheet number 86948, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86948.
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