Suppliers feel the consequences of declining oil activity

Statoil's employees in Norway are not the only ones feeling the repercussions of the need to cut costs and increase efficiency. Shipyards and suppliers are now forced to reduce their number of employees as activity declines in the Norwegian Sea.
Photo: Øyvind Hagen/Statoil
Photo: Øyvind Hagen/Statoil
BY TOMAS KRISTIANSEN

The expensive and precious Norwegian oil is not just impacting Statoil's Norwegian employees, where several hundred jobs among IT and administration are being outsourced to low-wage countries.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading