The cost reduction efforts continue at Statoil. Just a few weeks ago the Norwegian oil giant announced plans to cut costs related to IT, finance, and administration by eliminating 239 jobs in Norway. But costs are still too high at the oil company, which has experienced an increase in recent years.
As such, 100 jobs need to be cut in the company's business development division, where the number of full-time jobs will be trimmed from 330 to 230, according to Norwegian newspaper Dagens Næringsliv, as the company is working on many solid projects, and thus does not need such a high number of employees in this part of the company:
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