Norwegian Shell and BG Norway cut 140 jobs

Shell logoShell logo.Photo: REUTERS/Toby Melville/File Photo

Norwegian Shell and BG Norway will cut about 140 jobs in connection with the merger of the two companies.

The merger was approved in February this year, but one of the consequences is that the number of positions in the two companies will be cut sharply from the current 820. The company states in a press release that they will cut about 140 positions, and that all employees have received opportunity to apply for severance packages.

– This is challenging and demanding for us all, but the changes are necessary to ensure our competitiveness. A / S Norwegian Shell will continue to be an active operator on the Norwegian continental shelf and have the capacity to undertake future challenges, says CEO Tor Arnesen.
Globally, the former has indicated that the so-called synergies of the merger will result in 2,800 jobs being removed. That figure now stands at over 5,000 worldwide.

Shell stated that the measures are going to ensure competitiveness in a situation where the price of oil and gas has been lower for a longer period of time than expected.


Source: NTB scanpix / Norway Today