Norwegian aluminum producer Norsk Hydro has announced a temporary hiring freeze due to global uncertainty.
In a press release, the company states that the decision is a proactive measure to strengthen its "long-term resilience and operational efficiency."
"As part of this initiative, the company is introducing a temporary hiring freeze for white-collar employees in corporate functions, business areas, and Global Business Services, effective immediately."
The pause means that all new and ongoing external recruitment for white-collar positions in the affected areas will be suspended, Hydro writes.
In parallel with this announcement, Norsk Hydro has announced that it is initiating a review of the number of white-collar employees.
"This review will help the company assess its current and future needs."
Norsk Hydro ASA is one of the world's leading producers of aluminium and energy. Net sales break down by activity as follows:
- manufacturing of aluminium products (44.4%): primarily extruded aluminium profiles, rolled aluminium products, tubes, sheet metal, construction metals, automotive components, etc.;
- sale and trading of aluminium (35.3%);
- production and refining of aluminium (18.5%): bauxite and alumina, raw aluminium and aluminium foundry products;
- production and distribution of energy (1.8%): electricity (No. 2 producer in Norway) and hydroelectric power.
Net are distributed geographically as follows: Norway (3.9%), Germany (9.9%), France (4%), Poland (4%), Spain (3.9%), Italy (3%), European Union (11.5%), Switzerland (7.7%), the United Kingdom (3.2%), Turkey (1.2%), Europe (0.3%), the United States (20.4%), Brazil (4.8%), Canada (4.1%), the Americas (1.5%), Japan (3.5%), China (2.7%), Asia and Middle East (9.1%) and other (1.3%).
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