EMCC European Monitoring Centre on Change

Weatherford Norge

Company/Organisation:
Weatherford Norge

Geographic Location

Country: Norway
Region: Rogaland; Agder og Rogaland; Norge
Location of affected unit(s): Sandnes

Company

Sector: Mining / quarrying
Mining and quarrying
09.10 - Support activities for petroleum and natural gas extraction
Number Employed: 530
Group: Weatherford

Employment Effects

Announcement Date: 12-03-2014
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-04-2014
Foreseen End Date: 01-06-2014

Additional Information

Oil and gas drilling services company Weatherford is reducing its staff in Sandnes, Norway, by 100 employees. Weatherford Norway, with 530 employees in Sandnes, will be dismissing 50 to 60 of its permanent employees. In addition, hired and temporary employees will also be let go, adding up to a total reduction of 100 jobs. The restructuring process will be completed before this summer.

The restructuring is part of a larger effort to reduce costs within the company, resulting in around 7,000 job cuts worldwide.

The employees were informed of the decision on 12 March. Union representatives were taken by surprise by the announcement, although they had been aware about the company’s difficult financial situation. Early pensions, severance packages and help for reemployment will be offered to some employees.