Norsk Hydro ASA Announces Strategic Workforce and Cost Reductions, NOK 6.5 Billion Improvement Program, and Adjusted Capital Allocation Targets to Strengthen Resilience and Support Growth Through 2030
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Norsk Hydro ASA announces strategic workforce and cost reductions, a NOK 6.5 billion improvement program, and adjusted capital allocation targets to strengthen resilience and support growth through 2030. The company plans to reduce 750 white collar positions, cut travel and consultancy costs, and invest in new wire rod capacity and renewable power generation. Capital allocation targets are set at NOK 13.5 billion for 2025 and 2026, with a focus on growth in Recycling and Extrusions businesses amid green and geopolitical shifts.
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