18/06/2015at 08:20

Norway has lost 22,122 oil jobs in less than a year

Statoil and Aibel are among the companies representing the biggest reason that oil jobs are disappearing from Norway. The oil price shock is far greater than expected, says Norwegian employers' union.

BY BENJAMIN WERNER CHRISTENSEN

22,122 Norwegian oil jobs have disappeared - since August 2014, no less, reports Norwegian business daily Dagens Næringsliv. The numbers have been published to an analysis that DNB Markets' stock trader Truls Oma Erichsrud began close to one year ago.

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

Get full access for you and your coworkers

Start a free company trial today

Statoil warns of new cost reductions
For subscribers
Statoil in massive round of layoffs: 2000 jobs to be cut
For subscribers
Transocean fires 250 employees in Norway
For subscribers

Sign up for our newsletter

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

Front page now

"We have seen some three-digit rates in some of the large east-west trades a couple of months back," says CEO of Hapag-Lloyd Rolf Habben Jansen on the loss-generating spot rates on the box market.

Container

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Regulation

IMO marine director calls on carriers to keep up the pace: "Time is against us"

For subscribers

Carriers

French ferry operator blames wage dumping for plunging freight volumes

For subscribers

Regulation

World economy set for weak inflation-plagued recovery, OECD warns

For subscribers

Foto: Damian Dovarganes/AP/Ritzau Scanpix

Container

Cargo volumes across the Pacific hit six-month high

For subscribers

Suppliers

Oil extends drops as US supply rumors return

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Logistics

C.H. Robinson appoints new CEO

The US-based freight forwarding major saw its previous CEO depart in January and has now tapped a permanent replacement with experience from Ford, Amazon, and Caterpillar.

For subscribers