Tuesday, December 16, 2008

Financial Crisis

in Norway:

More lay-offs




The Confederation of Norwegian Enterprise (NHO) has announced that more than half of NHO's member companies plan to cut more jobs over the next three month period.

NHO spokesman Espen Soilien says to Aftenposten that only the service industry will escape cut-backs.

All other industries are expecting a considerable reduction in employment, he says.

A survey made by NHO among 1270 companies, shows that nearly half of them have received cancellations of contracts and orders during the last month.

Source: NRK



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