- Oil jobs will not come back – Aftenbladet.no

Major oil company Statoil, the Norwegian and Shell announced on Monday that all they are going to cut even more jobs. So far, the crisis in the oil industry led to several thousand jobs in the oil industry have disappeared.

According to Dagens Næringsliv has a cut overview of DNB Markets shown that the number announced job cuts in the industry has passed 10,000.

Statoil CFO: – cuts are not easy but necessary

– Now you just have to roll up their sleeves, says executive vice president and CFO Torgrim Reitan.

After previous oil crises industry manned again when it has come good times again. But economics professor Klaus Mohn at the University of Stavanger do not think jobs come back this time.

– A previously seen that downsizing is succeeded by periods of rapid growth in the number of employees. I think it is less likely this time. The changes on the Norwegian shelf is of more fundamental character, says Mohn, the former chief economist at Statoil, told the newspaper.

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Mohn says it is good that both Statoil and the rest of the oil industry is trying to make itself more effective. Dagens Næringsliv he says that new Norwegian oilfield is smaller and more expensive to recover, and that they can not tolerate the old cost structure.

steward Bjorn Asle Teige in YS Statoil, however, believes that the company is in danger of making exaggerated cuts, which must be reversed again later.