Statoil ASA reported a “next phase” of workforce reductions affecting as many as 1,500 employees and 525 consultants in the next 18 months.
Since yearend 2013, the Statoil workforce has been reduced by 1,340 permanent employees and 995 external consultants. The reductions have been achieved through more limited use of consultants, attrition, internal deployment into new positions, severance packages, and early retirement.
Statoil said the efficiency program addressed the industry-wide cost and competitiveness challenge “well ahead” of the current downturn.
Decisions on workforce reductions will be made in each business area from August to November. The current estimated range of reductions of Statoil employees is 1,100-1,500.