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.
Aibel, one of the largest Norwegian oil service companies that engineers, builds, maintains and modifies oil and gas production facilities, announced on 27th of February 2009 that it is to reduce its workforce in Norway by 4% and reduce the number of hired personnel. Of the 7,000 employees worldwide, around half are located at several sites in Norway.
The company says in a press release that it is too early to tell how the different sites will be hit, and that the downsizing will be planned and implemented in cooperation with the unions. The reason stated is an expected reduction of demand for the company's services.
Eurofound (2009), Aibel, Internal restructuring in Norway, factsheet number 68364, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68364.
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