Norway’s Statoil could cut workforce by 2,000, report says

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Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.

The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday.

According to DN, 1,500 employees will be laid off, as well as 500 hired workers.

The cuts would be part of Statoil’s technical efficiency programme announced in February, which targets a $1.7 billion annual cost reduction.

A Statoil spokesman told Reuters that there was no basis to comment before a decision had been made.

Statoil employed 22,500 workers at the end of 2014 with 19,700 based in Norway.