Aug. 15 at 1:32 AM
$NHYDY Norsk Hydro said Thursday it will cut 750 white-collar jobs as part of a plan to reduce annual costs by 1B Norwegian crowns (~
$98M) in an environment of increasing global uncertainty and risks.
Cuts will hit staff and support functions, engineering, information technology, supply chain and commercial jobs, while blue-collar workers were not affected, Norsk Hydro said.