Norwegian oil major Statoil expects to have between 20,700 and 21,000 employees and consultants working for it by the end of 2016, down from 25,500 at the height of the crude price boom, the company said on Tuesday.
"This corresponds to a reduction of 17-19 percent through natural attrition and voluntary redundancies. We're well positioned to resolve staff cuts by voluntary measures," Chief Operating Officer Anders Opedal told a conference.
Reporting by Stine Jacobsen