The oil fund will reduce workers by 100 employees to the end of 2022, according to the Fund Strategy Report.
The decision affects each six employees in the Oil Fund, writes Nettavisen.
The staff cutting will be achieved over the centralization of Norges Bank’s support functions, and efficiency programs, among others.
The Oil Fund has been criticized for the high costs. In the strategy report, stated on Tuesday, the Fund claim that management’s goals are the highest return on costs that was possible.
The Oil Fund is formally called “Global Government Pension Fund”.
© NTB Scanpix / #Norway Today