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Statoil to cut staff numbers

Firm says it expects to lose 1,100 to 1,500 workers

More than 1,000 jobs will go at Statoil.
More than 1,000 jobs will go at Statoil.

 Statoil has estimated that it will cut staff numbers by 1,100 – 1,500 by end 2016.

In addition Statoil will further reduce the number of consultants by around 525.

"We regret the need for further reductions, but the improvements are necessary to strengthen Statoil’s competitiveness and secure our future value creation," said Anders Opedal, executive vice president and chief operating officer in Statoil.

Magne Hovden, senior vice president for people and organisation in Statoil, said: “This work will take place in the Business areas in the period from August to November.”

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