Technology cuts jobs at Telenor

Norway’s newly expanded conservative government is still promoting job creation and rapid digitalization of Norwegian society, but in many cases the two are distinctly at odds. Employees at state-controlled telecoms firm Telenor are the latest casualty. Telenor recently announced record-high financial results for 2017 and dividends that will amount to more than NOK 12 billion […]

Nordea to cut jobs in Norway, too

Nordic finance and banking group Nordea’s decision to cut as many as 6,000 jobs is likely to lead to job losses in Norway as well as in Denmark, Sweden and Finland. The exact number remained unclear Thursday, after Nordea announced that many of its employees will need to find something else to do. “There will […]

Telenor lays off another 79 workers

Norwegian telecoms firm Telenor is cutting back again, this time at divisions in Gjøvik and at company headquarters at Fornebu, west of Oslo. The goal is to cut costs and make operations more efficient. The company announced this week that its “Fixed & TV” division in Gjøvik will be shut down, with a loss of […]

Telenor cuts more staffing

Management at Norwegian telecoms firm Telenor plans to shut down another customer service center, since fewer customers ring in for help. The center on the block is located in Harstad, northern Norway, where 82 employees stand to lose their jobs. The shutdown proposal is due to be considered by Telenor’s board on October 17. Employees […]

NAV reports another dip in layoffs

Norway’s state welfare agency NAV reported this week that it received around 1,500 notices from employers of looming layoffs and furloughs in May. That compares to nearly double the amount received in the same month last year. The latest decline in layoff notices brought them to their lowest level in three years, following another decline in April. […]

Aker Solutions rewards executives

Aker Solutions is the latest Norwegian company to release financial reports that reveal what their own executives earn. Employee representatives had trouble accepting how the oil service firm’s chief executive could receive a 50 percent increase in his total compensation last year at a time when around 5,000 employees have lost their jobs, and those remaining have endured […]

Statoil scolded over workers’ buyouts

Norway’s state oil company Statoil was the target of some angry editorials and complaints this week, after newspaper Dagens Næringsliv (DN) reported just how lucrative it’s been for Statoil’s workers to voluntarily give up their jobs. Employee buyouts have cost an estimated NOK 4 billion over the past three years, with the state and taxpayers picking […]

Unemployment declines, but fewer working

Both Norway’s employers’ organization NHO and its largest trade union confederation LO are warning against getting too optimistic about the decline in unemployment. A downturn in new job creation means overall employment is down as well. “These numbers can look good,” Øystein Dørum, chief economist at NHO, told news burean ANB after the latest unemployment […]

Unemployment rate declines

Norway’s state statistics bureau SSB (Statistics Norway) has reported that unemployment declined on a national basis in December to 4.4 percent. That’s down from 4.7 percent in September, and DNB Markets said it was “unexpected.” DNB’s analysts had predicted that unemployment would remain steady at 4.7 percent but cautioned that the labour market remains weak. […]

Telenor, Statkraft cut hundreds of jobs

Norwegian power company Statkraft and state-controlled telecoms firm Telenor announced more major jobs cuts on Thursday. At Telenor, the cuts were blamed on the ongoing shift to new technology. That’s what’s often leading to job losses these days, as opposed to trade issues and cheaper overseas production. The new job cuts come just a day after […]