National Oilwell Varco Slashes 900 Norwegian Jobs

December 7, 2015

U.S. oilfield equipment maker National Oilwell Varco Inc will cut its Norwegian workforce by another 900 people after low oil prices resulted in fewer orders, the company said on Monday.

The layoffs come on top of cuts announced in June when the company said it would cut 900 permanent jobs and 600 contractors from its Norwegian workforce by the end of this year.

The cuts announced on Monday were all permanent jobs, the company said in a statement. Following the latest round, National Oilwell Varco will have laid off about half of its staff in Norway.


Reporting by Terje Solsvik

Logistics News

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

Maersk Reopens Cargo Acceptance to Port of Haifa

Maersk Reopens Cargo Acceptance to Port of Haifa

Subscribe for Maritime Logistics Professional E‑News

EU prosecutors uncover criminal conspiracy involving Chinese imports through Greece
Acciona confirms that the contracts referred to in a Spanish corruption probe are not irregular.
Sources: India refuses entry to UN aviation expert in Air India crash investigation