More layoffs in sight

Ceo of NHO, Ole Erik AlmlidCeo of NHO, Ole Erik Almlid.Photo: Stian Lysberg Solum / NTB scanpix
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Several companies in Norway are preparing to lay employees off to ensure that the company is viable. At the same time, fewer believe they will be bankrupted.

This is reflected in the Confederation of Norwegian Enterprise’s (NHO) new barometer conducted among member companies on Thursday and Friday this week.

17 per cent of the companies say that they plan layoffs, up three per cent from the previous survey at the beginning of the month.

“Several companies are preparing to dismiss some employees to ensure that the company is viable in the longer term,” says NHO boss Ole Erik Almlid to Aftenposten.

26 per cent report having liquidity problems, compared to 31 per cent in the previous survey.

Fewer people also see a real risk of bankruptcy, which has gone down from 28 per cent to 22 per cent.

Almlid believes that increased positivity may indicate that the compensation schemes work.

“Fewer people fear bankruptcy. The figures show that many believe that they are coming through this. This indicates that the companies believe the schemes will help,” he says.

© NTB Scanpix / #Norway Today

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