The bank has reduced the number of employees working with central bank activity from 1200 to barely 300 people. It cost probably 1.2 billion dollars, calculated in current prices, to operate the bank in 1998. Now it costs 700 million, ie 500 million or good 40% less.
The business has been transferred to others, including NOKAS and the Norwegian Mint. The operation is streamlined, activities are outsourced and activity is closed.
Many people came with other companies that have taken over the business from the bank. Several have reached retirement age. Some hundred former employees are granted ventelønn for shorter or longer period of time. Today we have nine employees who have received ventelønn from 2001 when we put down four regional branches and a box office. Most of these are employed so that ventelønn are truncated.
There is strong employment in the public sector. A business that Norges Bank can not show a lack of economic carrying capacity when we transition. It is therefore necessary to have tools that ventelønn and early retirement available.
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