Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Norsk Hydro: Hydro Cuts Costs and Carries Out Strategic Workforce Adjustment

Summary by Globe Newswire
To strengthen its long-term resilience, Hydro has decided to initiate a process aiming to cut annual costs by NOK 1 billion, including reducing the overall...

7 Articles

MADRID, 14 (EUROPA PRESS) The Norwegian metallurgical group Norsk Hydro will carry out a series of measures, including a reduction of workforce that will affect 750 workers, with the aim of reducing their annual costs by 1 billion kroner (84 million euros) to strengthen their long-term resilience and align their structure [...] The Norsk Hydro entry will cut 750 jobs to reduce costs aparece primero en Forbes España.

Hydro has announced measures to cut annual costs by one billion kroner.

To strengthen its long-term resilience, Hydro has decided to start a process with the goal of cutting annual costs by NOK 1 billion, including reducing the total workforce by 750 positions.

Norsk Hydro will reduce costs by NOK 1 billion and is therefore laying off 750 employees.

The matter is being updated. In a stock exchange announcement on Thursday afternoon, Norsk Hydro writes that the group will adapt "in line with strategic priorities, needs and focus areas."

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Globe Newswire broke the news in on Thursday, August 14, 2025.
Sources are mostly out of (0)

Similar News Topics

News
For You
Search
BlindspotLocal