3 out of 10 Norwegian energy companies expect layoffs

Energy Norway is feeling the effects of the corona crisis, which has halted installation and construction on nearly all projects. 30 percent of Energy Norway's members expect to lay off people, while 48 percent expect to downsize business.
Reduceret byggeaktivitet og en smule mindre efterspørgsel kan betyde fyringer, siger Knut Kroepelien | Photo: PR / Energi Norge
Reduceret byggeaktivitet og en smule mindre efterspørgsel kan betyde fyringer, siger Knut Kroepelien | Photo: PR / Energi Norge

The coronavirus has hit Norway's energy industry like a hammer, and has especially hit the country's oil sector hard, causing several players to suspend guidances and curb investments, while the organizations downsize and terminate employees.

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