Norwegian oil executives take a dive in wages

The average wage for a management employee in the Norwegian offshore sector has taken a big dive in the past year. The wage decline is due to the investment stop in the oil and gas industry and has happened relatively quickly.

Executives and managing employees in the Norwegian offshore industry have in just one year seen their paychecks decline by all of 6.7 percent.

Only a year ago, the average wage for a middle-management position was USD 102,520 before taxes. Now the number is USD 95,500, reports Norwegian media Sysla, based on a new study.

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