The Norwegian airport operator will have to cut costs by another NOK 400 to NOK 600 million by 2021.
Avinor must slash costs by up to NOK 600 million (€62.5 million) by 2021, according to news reports. Cost reductions will now be considered and a review of employees and support functions will be conducted.
The airport operator says it has no idea what the cuts, which will be between NOK 400 million and NOK 600 million, will mean for its employees, which currently number exactly 3,099 people.
Over the last four years, Avinor has made similar cuts amounting to NOK 600 million, a savings measure that was initiated in 2015. The new round of cost cuts could last until 2021.
On the agenda
A new review of staff and support functions will be initiated immediately, Avinor communications manager Joachim Westher Andersen tells E24.
“Additional cost cuts are high on the company’s agenda”, Avinor’s annual report for 2018 states.
“All ongoing projects and measures for streamlining will be coordinated through the overall project where the goal is to reduce costs by 400 to 600 million kroner by 2021,” Andersen says.
Avinor was established in its present form in 2003 and today operates 43 airports across Norway and a helicopter port. The company is self-financing and receives its revenues from air taxes, rent and sales at the airports.