Norway Today

Since 2016News, finance, culture and everyday life — Norway explained in English.

Equinor to downsize in the US, Uk and Canada

Equinor to downsize in the US, Uk and Canada
Equinor headquarters.Photo. Norway Today Media

Equinor is downsizing in the US, Canada and the UK to compensate for the fall in oil prices. 

The company’s spokesperson, Erik Haaland, told Reuters. The plan is to cut the number of employees in the countries by 20m percent and the number of subcontractors by 50 percent. 

-”Hundreds of employees are affected by this.”, he says to E24.

Equinor briefed its employees on the plans on Tueday. 

© NTB Scanpix / #Norway Today

TOPICS: Equinor

More from Finance

All coverage