Norway’s Hydro halts white collar recruitment amid business uncertainty
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Norway’s Hydro halts white collar recruitment amid business uncertainty
Norsk Hydro (NHY.OL) will temporarily halt white collar positions due to global uncertainty. The move comes in response to geopolitical tensions, trade disruptions and economic volatility. “The world has changed, and we must adapt to the new reality,” CEO Eivind Kalivik said.
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HELSINKI, June 10 (Reuters) – Norwegian aluminium maker Norsk Hydro (NHY.OL) , opens new tab will temporarily halt recruitment for white collar positions due to global economic uncertainty, the company said in a statement on Tuesday.
The hiring freeze comes in response to geopolitical tensions, trade disruptions and economic volatility impacting the business environment, Hydro said.
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“The world has changed, and we must adapt to the new reality,” CEO Eivind Kallevik said in the statement. “We are now taking action.”
Hydro is also launching a review of the number of white collar employees at the group to assess current and future needs, it added.
The group said it will continue to recruit for blue collar positions.
Reporting by Essi Lehto, editing by Terje Solsvik
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