Tag: economy

Hundreds to lose jobs at FMC

Yet another oil service company has warned this week of hundreds of pending job cuts. FMC Technologies announced that more than 700 employees will...

Oil service firms warn of more job cuts

Aibel and National Oilwell Varco are among oil and offshore companies warning of more job cuts, with hundreds of employees likely to soon be out...

Labour pact hailed by everyone involved

NEWS ANALYSIS: Norway's conservative government coalition, with new Labour Minister Anniken Hauglie playing a key role, was getting much of the credit on Monday...

Public sector snaps up laid-off experts

Norwegian towns and cities, and many state agencies, had trouble finding qualified geologists and engineers just a year ago, and couldn't compete with the...

Real estate pros predict price hike

There's widespread agreement among analysts, real estate brokers and economists that Norway's already-high housing prices will jump again, on the back of record-low interest rates. Amidst...

Key rate cut to fend off recession

Norges Bank's decision on Thursday to cut its "key policy rate" by another quarter point is aimed at stimulating economic growth and warding off recession,...

LO boss: ‘Norway is now in crisis’

The boss of trade union confederation LO, Gerd Kristiansen, is among those now claiming that Norway's economy is in crisis because of rising unemployment....

One US dollar may soon cost NOK 10

Even though oil prices have been creeping upwards and Norway's krone has strengthened a bit, at least one currency exchange strategist thinks the recovery...

Another 600 lose jobs at Aker Solutions

The low level of investment and activity in the oil and gas sector has prompted offshore company Aker Solutions to lay off another 600...

Statoil resorts to more severance offers

Norwegian state oil company hasn't managed to encourage enough people to quit, as it continues efforts to cut staffing and costs in the midst...
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