Statoil axes 100 top-level jobs

Statoil continues its cost reduction efforts. This time at the upper echelons of the company, where 100 jobs in business development will now be cut, according to Norwegian newspaper Dagens Næringsliv.

BY KATRINE GRØNVALD RAUN

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.

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