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.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.10 - Extraction of crude petroleum
115 - 140 jobs Number of planned job losses
Announcement Date
22 May 2017
Employment effect (start)
11 June 2017
Foreseen end date
Description
Total E&P Norge, the Norwegian branch of the French oil company Total, will cut 115-140 jobs in mainland Norway. The restructuring is a response to the currently difficult market situation in the offshore petroleum sector. The cuts will include both permanent employees and consultants hired through staffing agencies. Both Norwegian and foreign employees working in Norway will be affected, while jobs offshore will not be cut. Employees were first informed of the cuts on 6 April, when all employees were offered to apply for severance packages. The application process is scheduled to be completed by 11 June, and the company hopes to avoid direct dismissals. Union representative Frank Indreland Gundersen (Industri Energi) says this round of cuts came as a surprise, as the company cut 41 local employees and a number of consultants last year and a new round of restructuring was not expected to be necessary this quickly.
Sources
22 May 2017: Sysla
22 May 2017: E24
22 May 2017: Dagens Næringsliv
Citation
Eurofound (2017), Total E&P Norge, Internal restructuring in Norway, factsheet number 91050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91050.
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