After job cuts following the continued low oil prices at companies such as Rolls Royce and Subsea 7, Maersk Oil is the next company to announce job cuts.
Maersk Oil will reduce its workforce by ten to twelve per cent. It brings the total number of positions taken out of the organisation during 2015 to approximately 1250.
The move, part of the company’s drive to reduce operating costs by twenty per cent by the end of 2016, follows an extensive internal review of business activities and continued low oil prices.
Reductions across the Globe
Business Units in Qatar and Norway will implement reductions in line with the ten to twelve percent range, with slightly lower levels in the Danish operations, in Kazakhstan and in the company’s Copenhagen headquarters.
In the UK, the business has already outlined plans to reduce headcount by around 220 positions. This is linked to the retirement of the Janice asset and changes to the offshore rotation. Meanwhile sixty roles in Angola and the United States associated with delays in the Chissonga project were announced last month. Both actions fall within the scope of the ten to twelve per cent reduction of the work force.
