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Norway: Devold AMT cuts 35 jobs

Norwegian glass fiber materials supplier Devold AMT will make 34 employees redundant, the company announced on 9 April 2003.
The cuts were blamed on generally difficult trading conditions in the glas…

Norwegian glass fiber materials supplier Devold AMT will make 34 employees redundant, the company announced on 9 April 2003. The cuts were blamed on generally difficult trading conditions in the glass fiber sector in Norway and lower demand for the company“s products since the beginning of 2003. Twenty-six of the employees will be laid off from 10 April 2003. Devold AMT is a subsidiary of Norwegian composite and pipeline technology products group Hexagon Composites. Some of the affected employees will be offered other jobs within the group, Devold AMT said.

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