Aluminium producer Norsk Hydro to cut 750 white-collar jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2025
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Should l Buy ?
Source: Reuters
Job Cuts Announcement: Norsk Hydro will cut 750 white-collar jobs to reduce annual costs by 1 billion Norwegian crowns, with the majority of cuts affecting staff in engineering, IT, supply chain, and commercial roles.
Response to Economic Challenges: The company has implemented a hiring freeze and reduced capital expenditure by 10% due to geopolitical tensions and economic volatility, aiming to strengthen its resilience in a challenging market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
