Construction declined
Turnover, labour costs, the number of man-years andStore Norske Spitsbergen Grubekompani AS (SNSG) is a Norwegian, state-owned coal mining enterprise that has operated since 1916. the number of establishments in the construction industry declined significantly in 2024. The industry accounted for most of the reduction in investments that year.
The rest of the industries stable
Despite the decline in construction, the rest of the industries remained remarkably stable. According to Industry statistics for Svalbard, total turnover in 2024 was almost the same as in 2023, when it constituted a substantial amount for the other industries.
Turnover in Svalbard almost unchanged
Total turnover rose by 1 per cent in 2024 to approximately NOK 5.5 billion. The transport and storage industry, with NOK 1 014 million, had the largest share of turnover.
Slight reduction in total man-years worked
The number of Full-time equivalents FTEs: In the industry statistics for Svalbard, 1687 hours corresponds to a full-time equivalent. The definition of a full-time equivalent is based on the total number of hours worked by employees in a workplace, both within and outside normal working hours. Short breaks are included, but time spent in transit between home and the workplace is not included. declined by 2 per cent in 2024 compared with the previous year. This represents about 36 man-years worked. The construction industry, with 75 man-years worked, accounted for most of the decrease.
Store Norske
Turnover for Store Norske Spitsbergen Grubekompani AS (SNSG) is a Norwegian, state-owned coal mining enterprise that has operated since 1916. increased from NOK 120 million in 2023 to approximately NOK 180 million in 2024. Coal sales rose from 83 000 tonnes to 120 000 in the same period, all of which was produced in Gruve 7.