Statoil considers slashing 600 jobs

There could be more layoffs ahead for Statoil. The Norwegian oil company has calculated that it can cope with 600 fewer employees until 2019. However, the company hopes that most of the cuts can be achieved through natural retirements rather than layoffs.

Photo: Harald Pettersen/Statoil

Although the oil price is showing small signs of improvement, offshore companies are far from done cutting costs.

Having announced a large number of layoffs over the past few years, Statoil now warns that yet more jobs could be slashed.

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