Beneficiaries of state power employ more and more people who produce less – doc

The number of employees at Statcraft and Statnett is increasing, while productivity is declining.

– In the period 2007-2023, the number of employees at Statcraft and Statnet increased by 171 and 161 percent, respectively, the anonymous user wrote PepsiGrow on X.com He refers to the numbers contained in companies' annual reports.

In the same period, energy production per employee at Statkraft almost halved, from 19.6 GWh per year to 10.0 GWh per year:

Energy consumption in Norway, calculated per employee by Statnett, fell from 197.7 GWh per year to 77.5 GWh per year between 2007 and 2023.

Charts are made of Pepsigro It is reproduced with permission.

– Building an empire?

For several years, Statcraft has built its business abroad, from India and Nepal in the east, to Chile and Peru in the west. The company now operates in 20 countries in addition to Norway.

The company's figures show that half of the workforce will be abroad in 2023.

– Perhaps the main interest they collect from Norwegian electricity customers due to foreign cables simply goes to empire building, asks Pepsigro.

The strongest increase in Statkraft's headcount can be found locally. For example, there was a 22 percent increase in payroll in the Norwegian part of the company from 2021 to 2023, while the increase in Norway and abroad combined was 30 percent in the same period.

The number of employees at Statkraft was 6,199 at the end of last year. There were 1,579 employees at Statnet at the end of 2022. Statnet numbers for 2023 have not yet been published.

Half a million salary increase

The directors of both companies are well paid from the profits generated from community property. The amounts they receive do not reflect the decline in productivity. For example, 7 out of 9 managers at Statkraft received an annual salary plus bonus of more than NOK 4 million last year.

Statcraft reported on Stock exchange announcement About the second best annual result ever. Only 2022 with extremely high energy prices surpassed last year.

The president himself, Christian Renning-Teunissen, received approximately NOK 7.6 million. This is an increase of approximately NOK 500,000 on the previous year. He leaves at the top and announced his resignation last fall after nearly 14 years as director.