Danish engineering giant cuts 400 management positions – consequences for Norway unclear
Published
The Danish engineering giant is to cut 400 management positions worldwide. The cuts apply to positions in the company's leadership group, which has around a thousand managers. The information we have at present does not say where the cuts will take place first.
The company is a large engineering firm with many employees in several countries. The cut in managers is part of a broader reorganisation, and it is common for large companies to change their organisation in order to save money or become more efficient. When a leadership group becomes smaller, responsibility may also be distributed in new ways.
It is currently unclear how the cuts will affect employees in Norway. We do not know how many of the 400 positions exist in Norway, nor whether it will lead to layoffs. Employees and trade unions will likely receive more information as the company moves forward with its plans.
For Norwegian readers, the story is primarily of interest because many Norwegian engineers and consultants work for international companies. If the reorganisation has consequences for the Norwegian office, it may be felt in the labour market. But until more details are known, it is not possible to say anything certain about what this means for Norway.
Sources: ABC Nyheter
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