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48,300 Norwegian oil jobs have vanished

Since 2013, the number of people directly employed by the Norwegian oil and gas industry has been reduced by over 20 percent, according to new data from Statistics Norway.

Photo: Ole Jørgen Bratland - Statoil

The number of employees in the Norwegian oil and gas industry has shrunk significantly over the past few years.

48,300 Norwegian oil jobs have disappeared from 2013 to 2016, which corresponds to a reduction of more than 20 percent, according to numbers from Statistics Norway, writes Norwegian media Bergens Tidende.

The calculations count employees in the oil industry and to a certain extent people employed by suppliers and subcontractors to the industry.

Statistics Norway's numbers show, however, that especially the oil and gas industry's suppliers and subcontractors have implemented major staff cuts. While 6,300 direct employees in the oil industry were let go, more than 40,000 of the layoffs took place at suppliers and subcontractors.

According to Statistics Norway, a total of 232,100 people held jobs in the Norwegian oil and gas industry in 2013. At the time this was 8.6 percent of the total workforce in the country. In 2016, this number had gone down to 183,800 people, which is the equivalent of 6.7 percent of the workforce.

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