
Statkraft Unveils Bold $291M Cost-Cutting Plan, Layoffs on the Horizon
Statkraft, a state-owned utility in Norway, plans to reduce yearly expenses by 15% by 2027 in order to adjust to the shifting market conditions through cost-cutting strategies that include technical refocusing and layoffs. By 2027, the business plans to cut salaries and other operating costs by about NOK 2.9