40,000 jobs lost in Nor­way’s oil sec­tor

China Daily (USA) - - BUSINESS -

About 40,000 jobs have been cut in Nor­way’s oil in­dus­try since Jan 1, 2014, as many com­pa­nies in the sec­tor were forced to down­size the work­force over the past two years, on­line busi­ness news­pa­per E24 re­ported on Tues­day. Ac­cord­ing to a re­cent anal­y­sis made by in­vest­ment bank DNB Mar­kets, the num­bers in April showed there were 35,000 fewer work po­si­tions in the oil sec­tor, in­di­cat­ing at least 5,000 more job cuts were made or an­nounced in the past six months.

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