Norway - Severance package to all 22,500 Statoil employees - March 31, 2016

Statoil posted a news-item on its intranet informing the employees that all employees would receive an offer to apply for severance packages. Previous practice in complying with necessary workforce reductions has been severance packages to groups and departments within the company. Statoil is now offering severance packages to all employees. Statoil currently employs 22,000 people in 38 countries around the world. The aim is a reduction of 1,500 permanent employees and a reduction of 500 temporary employees by the end of 2016.

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