Statoil slashes 1500 jobs

The Norwegian oil major plans to cut 1,500 positions and is therefore offering all employees voluntary resignation.

Photo: Harald Pettersen/Statoil

The Norwegian oil giant Statoil will reduce the number of staff positions by 1,500 and, for the first time ever, the company is offering all employees the option of voluntary resignation.

The employees with at least six months of seniority at the company can take 12 months of pay with them, while staff members which have spent more than 21 years at the company can receive 24 months of pay. Statoil currently has about 22,000 employees in 38 countries.

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