NHO alerts cuts and downsizing

Because of lower incomes, shall NHO attempt to cut costsBergen: Kristin Skogen Lund, CEO. NHO Photo: Marit Hommedal / NTB scanpix

Because of lower incomes, shall NHO  attempt to cut costs by NOK 25-30 million by 2020. This means, among other things downsizing.

– We will be fewer, but it is too early to say how many we are talking about. We will work hard to increase our revenues. But we should reduce costs by NOK 25-30 million. And in that NHO run by the best minds of the employees in NHO, we must of course also look at personnel costs, says the employer organization’s vice president, Ole Erik Almlid, to the newspaper Dagens Næringsliv.

On Friday, the employees in NHO were invited to an open meeting where the economic situation was presented, the newspaper said. Because of lower income from member companies, is the organization risking losing ever more of revenues. The Yearly effect of the loss of income may be NOK 50 million in 2020.

– We’re going to create a cost-cutting program that will have full annual effect by 2020, says Almlid.

NHO central and regional unit has currently 215 employees. Cost cuts and the eventual downsizing does not include NHO land associations.

Source: NTB scanpix / Norway Today