National Oilwell Varco Norway

Type
Internal restructuring
Country
Norway
Region
Norge;
Location of affected unit(s)
Kristiansand, other locations
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.92 - Manufacture of machinery for mining, quarrying and construction
500 jobs
Number of planned job losses
Job loss
Announcement Date
22 April 2016
Employment effect (start)
Foreseen end date

Description

On 22 April 2016, Norwegian manufacturer of drilling equipment National Oilwell Varco announced a future cut of 520 jobs. The announcement follows two rounds of restructuring which took place in 2015.

The Norwegian part of the company is a subsidiary of National Oilwell Varco, headquartered in Houston in the state of Texas, USA. Globally, the company has over 60,000 employees worldwide. The company supplies drilling equipment for both onshore rigs and offshore installations, as well as services such as pipe inspection.

Sources

  • 22 April 2016: Norwaytoday

Citation

Eurofound (2016), National Oilwell Varco Norway , Internal restructuring in Norway, factsheet number 88994, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88994.