Hydro’s hiring freeze, plant closure and curbs only one side of the plan Thus, the expansions and the investments...
Norsk Hydro has been in the headlines for contradictory reasons. On the one hand, they have been announcing closures, curbs, and a temporary hiring freeze, and on the other, they have made news for investments, expansions, and inaugurations in the past few months. Given Norsk Hydro’s repeated reaffirmations of its strategic commitment to its 2030 vision, it is time to assess its actions’ substance and scope.
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The most recent announcement made by Hydro is that it is temporarily freezing its hiring of ‘white collar workers’ for affected areas. However, it has also been mentioned that hiring in the Business areas will remain unaffected. This measure, as mentioned in the official press release, is explicitly undertaken to strengthen the company’s “future resilience” in an “increasingly volatile global business environment.” However, the company has not specified which areas are targeted in both cases.
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