EMCC European Monitoring Centre on Change

NAM

Company/Organisation:
NAM

Geographic Location

Country: Netherlands

Company

Sector: Mining / quarrying
Mining and quarrying
06.2 - Extraction of natural gas
Number Employed: 2100

Employment Effects

Announcement Date: 15-10-2020
Planned Job Reductions min: 500
Planned Job Reductions max: 600
Type of Restructuring: Internal restructuring

Additional Information

NAM, the company responsible for the exploration and extraction of Dutch natural gas,announced 600 job cuts. The job cuts include a voluntary redundancy scheme for 200-300 employees on a permanent contract, as well as some 300 employees on a temporary contract. The company states that falling gas prices, due to a wrm winter and the COVID-19 crisis, are the reason for the reorganisation, adding that another reorganisation is likely to take place in 2021.

NAM is a joint-venture of Shell and ExxonMobil and was established in 1947 to explore the Dutch oil and natural gas resources. 

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