Norsk Hydro to Cut 750 White-Collar Jobs as Tariff Risks Mount
Norsk Hydro flags at their headquarters outside Oslo.
Photographer: Fredrik Hagen/AFP/Getty ImagesNorsk Hydro ASA will cut 750 white-collar jobs in an effort to cut costs amid increasing global uncertainty and risks.
The aluminum producer is targeting cost cuts of 1 billion Norwegian Kroner (USD 98 million) annually with cuts across group functions, business areas and global business services, the company said in a statement on Thursday.