EMCC European Monitoring Centre on Change



Geographic Location

Country: Norway
Region: Norge
Location of affected unit(s): Production of cabins and building material


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.73 - Wholesale of wood, construction materials and sanitary equipment
Group: Mestergruppen

Employment Effects

Announcement Date: 10-01-2023
Planned Job Reductions min: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 10-01-2023
Foreseen End Date: 31-12-2023
Direct Dismissals: 100

Additional Information

The Norwegian housing construction group Mestergruppen will cut 100 jobs by 2023, especially in the departments producing cabins and building material, which corresponds to about 8% of the workforce. The reasons for the downsizing is a fall in the market due to high interest rates, prices on electricity and raw materials, with a reduction in construction of about 20-30 percent. In addition to downsizing, the company will cut costs in marketing, consultancy use and projects.  

Mestergruppen is among Scandinavia's largest building material chains with over 240 stores in Norway, Sweden and Denmark. Mestergruppen's largest owner is the family-owned investment company Ferd. The group's turnover is about 18 billion NOK.