Offshore

Norwegian union: 20,000 new layoffs underway

There is a light at the end of the oil tunnel, says union boss, but before then, upwards of 20,000 employees could lose their job in the next year.
Photo: DONG
Photo: DONG
BY MAZ PLECHINGER, ENERGIWATCH

Even though things are bad, they can always get worse. This kind of pocket wisdom is hardly a consolation, but for the Norwegian offshore industry there is not much else to find comfort in. This summer, the analysis indicated that more than 20,000 oil jobs had disappeared in less than one year, and projections for the coming year sound strikingly similar.

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