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Layoffs

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Beerenberg lays off 250 employees

Norwegian oil company Beerenberg will fire 250 workers going into the new year in order to adjust to the low activity in the offshore industry, writes Norwegian media Sysla.

Credit manager: Oil bankruptcies underway

Norwegian credit information institute Experian noted a significant increase in the number of bankruptcies and forces sales in August. "The number bankruptcies will be high and steady throughout 2016," says Director.

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