Foreigners are not about to buy the Norwegian sector. Foreign ownership hardly change.
In the summer let Statistics Norway (SSB) presented figures showing that one in five employees in the Norwegian business sector work in companies controlled by foreigners. The share has be stable for over 10 years.
SSB have numbers for so-called “foreign-controlled enterprises” back to 2000:
- In 2000 worked 17.1 percent of the employees of the Norwegian business sector in companies controlled by foreigners.
- In the years 2001-2005 the proportion ranged between 18.1 percent and 19 percent.
- In the years 2006-2012 the percentage varied up and down between 19.3 percent and 20.3 percent.
Limit Foreign Control in the statistics set by shareholding of more 50 percent.
The Government will sell
20. June the government published a White Paper on state ownership. It will seek parliamentary approval to sell the state all or part of several companies, including Airport Express, SAS, construction company Mesta and aquaculture company Cermaq.
Voices in the debate fear that foreigners will be the biggest buyers if are selling.
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Starting new Norwegian
In 2012, it was more than 200 new businesses in Norway under foreign control . Employment in these firms increased by around 6000.
But Norwegian business owners and entrepreneurs are keeping busy. They start simultaneously up new businesses, so that the balance remains.
Bergen did this happen in the same operation in 2004, Gert Christian Strindberg was head of the oil and gas division in Bergen Rørhandel. Then the company was sold abroad in a way he was not happy with.
– The new owners just decided that the headquarters would be located in Stavanger, although business in Bergen was greater. This made me a little angry, and I decided to to start a new business in the industry, he said.
Along with four others, he started the company Norwegian Piping. Ten years later the company has a turnover which probably passes NOK 400 million this year. They sell all kinds of pipes for industry, and now has 25 employees.
But history repeats itself, and Strindberg, foreign buyers to your door.
– Will you do what you not like in 2004, namely to sell your business abroad?
– Until now we have declined. But the world has changed a lot in ten years, and 80 percent of our sales are exports. So I would not rule out anything. But it is important that we are involved in managing the sales process and development of the company afterwards to secure jobs, he said.
The Swedes take most
Typically enough, there was a Swedish company bought Strindberg’s work back in 2004, about one in three of those working in foreign-owned enterprises, owners of Sweden or Denmark. The next two on the owner list is the United Kingdom and the United States.
A total of controlling shareholders in these four countries enterprises with half of the employees in foreign-owned companies in Norway.
The corollary is the Norwegian owners in evidence abroad. In Sweden tops Norwegian owners statistics of foreign-owned companies, measured by the number of companies. Measured by the number of employees is Norwegian owners in third place among foreign owners in Sweden. Last year there were around 55,000 employees in Sweden who worked in firms controlled from Norway.
Large Enterprise
The foreign-controlled firms in Norway is much larger than in business together. In the foreign-controlled firms worked close to two thirds of businesses with 250 or more employees. In business together was the only one of three who worked in such companies.
Those who work in foreign-controlled firms earn more than those in the rest of the business. With around 20 per cent of employment constitute wage cost around 25 percent of industry’s total labor costs.
This is probably because foreign control is relatively large in industries with high wage levels. In terms of production as a share of total production in the industry is foreign ownership in Norway the highest in the “business services” and the oil industry.
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