New job cuts on the way at Statoil

Up to 2,400 employees at the Norwegian oil giant Statoil could lose their jobs in a new round of budget cuts.
Photo: Elin A. Isaksen - Statoil
Photo: Elin A. Isaksen - Statoil
BY THOMAS BO CHRISTENSEN, ENERGIWATCH

Statoil has performed several severe cutbacks in its workforce alongside the sliding oil price, and this trend will continue, report Norwegian media on Monday.

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