Norwegian aluminium producer, Norsk Hydro will slash 750 white-collar jobs worldwide. The move is said to be a part of a cost-cutting programme aimed at saving NOK 1 billion ($97.8 million) annually, the company announced.
The reductions will begin immediately, with about 600 roles to be eliminated by the end of 2025 and another 150 in 2026, through efficiency measures. Cuts will affect staff and support functions, as well as engineering, IT, supply chain, and commercial teams across Hydro’s global operations. Production, maintenance, and press operator roles will not be impacted.
The company said savings would also come from lower travel and consultancy spending. The move follows a hiring freeze imposed in June 2025 as Hydro faced heightened geopolitical uncertainty, trade disruptions and economic volatility. The company also trimmed its 2025 capital expenditure forecast by 10 per cent to NOK 13.5 billion.
The company cast the decision as a pre-emptive step to shore up resilience, arguing that acting now would leave it better equipped to navigate intensifying geopolitical uncertainty, sharper volatility, and the risks reshaping global markets.
The cuts are part of Hydro’s broader strategy to boost flexibility and cost efficiency amid pressure from global trade shifts, including US aluminium tariffs.
