Virke: 7 out of 10 member companies in Norway expect they will return to normal operations this year

Ivar Horneland KristensenPhoto: Terje Bendiksby / NTB
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More and more companies will return to normal business operations in the months ahead. The Enterprise Federation of Norway (Virke) believes the rebound will lead to around 60,000 more employees in the next year and a half.

Almost 70% of Virke’s member companies believe they will be back to normal business operations during the year, according to a recent analysis from Virke.

Activity in the trade and services industry has picked up gradually in recent months and now operates at 89% of capacity compared with before the pandemic. 

Trade has also picked up sharply, while the tourism (37%) and culture and experience (56%) sectors are still far below their full capacity.

New jobs and economic growth

Virke, the trade and services industry’s main organization, believes that growth in the economy forms the basis for new jobs. It sees the circular economy as the generator of new value.

“Circular economy… will help solve the climate crisis, at the same time as we create more jobs and service solutions that we can export. We also need a policy that contributes (to it),” CEO Ivar Horneland Kristensen in Virke noted.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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