US Edition(+) Cuts 300 Employees After Sale. Unclear How Kristiansand Will Be Affected.
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4 Articles
Elkem announces extensive cost cuts and plans to reduce staffing by 300 full-time equivalents by the end of 2026.
Elkem cuts 300 positions The company will reduce annual salary and operating costs by around 600 million kroner. The reason for the sharp cuts is a change in the company's ownership structure. Just over a month ago, it was announced that the Chinese giant Bluestar, which has controlled Elkem for a number of years, is leaving the company. Read also: Interest rate hike can ruin your sleep at night According to Fædrelandsvennen, this means that 30…
Elkem will cut significant costs and reduce its workforce by 300 employees. It is unclear how Kristiansand will be affected.
The first half of the year is set to be weaker than previously expected. Now Elkem is swinging the knife.
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