Norway, Aug. 14 -- Hydro is implementing measures to cut annual costs and align its organizational structure in accordance with strategic goals and changing business requirements. When completed, these measures, including reducing the overall workforce and initiatives to reduce travel costs and consultancy costs, are expected to provide an annual cost reduction of NOK 1 billion.This measure comes in addition to the already communicated improvement program and reduction in the capex estimate for 2025 from NOK 15 billion to NOK 13.5 billion. Following the temporary hiring freeze implemented in June and the project to evaluate the number of white collar positions across the company, Hydro has decided to reduce the number of white collar employ...