Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Equinor, Norway's largest and partly state-owned energy company, is planning to hire 2000 new employees worldwide in 2022. New hires will be mainly in Norway (Equinor-2022-NO), but also in the U.K., the U.S., Brazil, and Asian countries.
Surging oil and gas prices are increasing the company's revenues, but Equinor’s ambitious recruitment strategy is related to several factors. First, the company needs new competences to boster the growth in renewable energy industry, as it wants to expand beyond petroleum and to be part of the green transition. New recruitment is needed after a stop in hiring during the pandemic in 2020 and in the first half of 2021; in addition, the company will have to replace senior employees who will be soon eligible for retirement. New roles will be available throughout the company, but Equinor is mainly looking for Vocational Education and Training (VET)- educated operators. Of the 2000 new positions, 150 will be in the company's graduate programme.
Headquartered in Stavanger and founded in 1972, Equinor is primarily a petroleum company but also a provider for oil, gas, wind and solar energy.
Eurofound (2022), Equinor, Business expansion in World, factsheet number 106730, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106730.
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