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.
Shipbuilding company Havyard Group is cutting its staff by around 100 full-time jobs, 60 from the shipyard in Leirvik, Sogn og Fjordane. Havyard Group develops and builds ships for the petroleum and fishing industry and has 780 employees, about 680 in Norway. The shipbuilding and -design branches of the company will be most affected, mainly as a result of the market situation in the petroleum industry after the fall in crude oil prices. The shipyard in Leirvik now increasingly produces boats for the fishing and renewable energy market, but has to make cuts in management, administration and production. Dismissals have already been made at the shipyard in Leirvik, but due to dismissal periods the cuts will not be in full effect before the end of the year, when the staff will be reduced by 60 full-time positions. Local union representatives report that the dialogue with the management has been constructive, but say the cuts will have a heavy impact on the local community.
Eurofound (2015), Havyard Group, Internal restructuring in Norway, factsheet number 85171, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85171.