National Oilwell Varco trims staff in Norway

National Oilwell Varco Norway AS (NOVN) has decided that in the next few months it will be downsizing its workforce in Norway. 

By the end of 2015, the company will lay off 1,500 employees, 900 permanent employees and 600 contractors.

In an e-mail to Offshore Energy Today, the company said that the reasons for downsizing are the major changes in market conditions in the industry over the past year, with reduced investment and reduced sales of new equipment.

“The uncertain market situation means that we cannot say how extensive the downsizing process will be in the long term,” NOV explained.

The company also added: “We have implemented a process where we have mapped our capacity up to backlog and expected sales, and based on this we have completed discussions with the unions.”

“The management of NOV Norway understands that such downsizing may create turbulence and uncertainty, and that many of our employees may be faced with a very difficult situation. We will conduct an orderly and fair process in which we fulfill our commitments to our employees, so that we can continue to act as a good employer even in a recession period.”

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply