National Oilwell Varco to lay off as many as 170 people in Norway

National Oilwell Varco is looking to reduce its workforce in Norway by one in ten employees, reports Dagens Næringsliv. The oil company has been cutting costs since the oil price plunged.

Photo: Wintershall

Oil company National Oilwell Varco reports that it plans to reduce its workforce in Norway by upwards of 170 people, corresponding to one in ten employees, according to Dagens Næringsliv.

"Management at NOV Norge regrets the strain such a situation causes for our employees, and we will strive to ensure an orderly process in which we comply with our commitments to affected parties," says the company according to the Norwegian daily.

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