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Statoil to cut 1000 jobs - Norwegian news reports

Monday, 04 March 2013
Norwegian oil giant, Statoil will cut between 250 and 300. This is in addition to 750 jobs the company already shed as it move ahead with its process of getting rid of people from various sector of its operations.

Final packages for 550 employees in human resources and support in the administration will be distributed before Easter. In addition, the company will knock off 200 temporal or agency workers. The latest round of job cuts falls within the IT, HR and finance sectors and will start around Easter, writes Norwegian daily, Aftenbladet.

Statoil has started handing out severance packages to reduce its management or what is referred to here as administration with about 750 jobs to go before Easter, the paper writes. After Easter, the impetus is to cut further 300 jobs in finance, IT, and HR.

Final packages are given at five different levels as determined by length of service in the group. For those who have worked for the company for five years or less they will see something like nine months' salary.

For those who have worked for 21 years or more, such a group will entre severance package salary for two years. The deadline for applications was 31 January.
by Scancomark.com Team

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