The major cuts in the US defence budget will have consequences for the Norwegian defence industry. Raufoss-based Nammo has already announced lay-offs, Aftenposten reports.
The company, with 700 employees in Norway, and 2,000 globally, will as a start lay off 30 employees in Norway this spring.Nammo CEO Edgar Fossheim telles the newspaper that he does not want to rule out the possibility of further lay-offs as a result of the cut-backs in the US.
(NRK/Aftenposten)
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