Industry group bankruptcy-over 500 loses his job

norway toadayNews logo. Norway Today Media

540 jobs lost after the industrial group Bandak ( oil and gas industry) has gone bankrupt.

The Group has subsidiaries in Lunde in Telemark, Risør, Stavanger, Florø, Ålesund and Malaysia.

Latest: 92 jobs lost.
It was the group’s head office and Bandak Risør who petitioned bankruptcy Tuesday – business by the other departments in Lunde, Alesund, Floro, Stavanger and Malaysia will attempt to continue.

Source: NTB scanpix / Norway Today

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