Jøtul moving production to Poland

Jøtul, which has been making wood-burning Norwegian stoves and ovens for years, is laying off around 100 employees in Norway and another 70 in Denmark. They’ll be replaced by much cheaper workers in Poland. “We’ve been through many years of considerable losses and imposed a series of measures to generate positive results,” Jøtul chief Nils […]

Unemployment keeps falling

The number of Norwegians officially unemployed has fallen by another 20,000 during the past 12 months. That brought Norway’s jobless rate down to just 3.7 percent, according to new numbers from the labour survey AKU (Arbeidskraftundersøkelsen). State statistics bureau SSB (Statistics Norway) reported that the jobless number fell by 7,000 people from January 1 to […]

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 […]