Rolls-Royce’s maritime division was holding information meetings for employees this week, as its Norwegian operations in Sunnmøre and Hordaland plan staff cuts. They’ll be the latest round of layoffs to hit Norway since oil prices cut in half last year and an economic slowdown began.
News bureau NTB reported that around 200 jobs will disappear by summer in Rolls-Royce’s maritime division in Norway. By the end of the year, the job losses may amount to 325.
Mikael Makinen, president of the division in Norway, blamed the lower oil price and the market’s reaction to it for forcing the company to make further cuts.