The oil price drop that began in 2014 and continued for a couple of years was dramatic. And it had severe consequences for employment in the Norwegian oil industry.
New figures from Statistics Norway, Statistisk sentralbyrå, show that there were 195,000 jobs in the Norwegian oil industry in 2015. In 2017, the number had dropped to 170,200 jobs, writes business daily Dagens Næringsliv. This means that a total number of 24,800 jobs disappeared due to the oil price drop.
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