2000 potential job losses in Norway 2016

Over 2000 oil and gas jobs could be lost in Norway by 2016 due to cutting cost by Aker Solutions and Statoil. 

Discussions between Statoil’s management and representatives from unions were held on Thursday and it is believed that a decision will be finalized in the near future. The cuts would form part of Statoil’s technical efficiency program announced in February, which aimed to reduce the company’s annual cost by $1.7 billion. 

The question now is why jobs cut? If part of a technical efficiency is to lay off  so much workers then the scale will entirely falls to one end  favorable to management. In this case, I do not think the so-called 'technical efficiency program' is efficient. It should be looked at both ways critically especially as oil price is beginning to gain grounds and become more stable these days.