Maersk Oil Announces 160 Layoffs in Denmark
Maersk Oil intends to minimize its labor force in Denmark by around 160 placements as component of a strategy to streamline the company, the firm claimed today.
The upcoming discharges were revealed complying with an inner evaluation of Maersk Oil head office executed in late 2016. Maersk Oil claimed it will certainly likewise settle all workers of its Danish Business Unit (DBU) at the firm’s Esbjerg workplace head office.
“For Maersk Oil [Danish Business Unit] the new organization will provide the foundation for a more cost-efficient operating model, and will position Maersk Oil DBU to safely and efficiently maximize production and ensure future investments that will help realize the full potential of the Danish North Sea,” Maersk Oil claimed.
The reconstruction is anticipated to be executed throughout the following couple of months. The firm claimed the initial stage to reconfigure the onshore company will certainly be finished throughout Q1 2017.
“Our employees have done a great job in getting us to where we are today, and we recognise that this announcement will be unsettling news for them,” Martin Rune Pedersen,Chief Operating Officer “It is nonetheless a required action in order to stay affordable in the Danish North Sea and also the bigger Maersk Oil company.”
The reconstruction comes in the middle of a long term depression in oil costs, which has actually splashed with almost every industry of the oil and also gas market.
Patrick Gilly, Managing Director of Maersk Oil DBU claimed: “What we are announcing today will ensure our long term future in a sustainable manner and it is a step in our efforts to support the Maersk Oil North Sea ambitions. The simpler organisation enables us to operate in a leaner and more integrated way with a maintained focus on creating maximum value from safe operations of the mature fields in the Danish North Sea.”
Maersk Oil is a Danish oil and also gas firm had by the A. P. Moller-Maersk Group Maersk Oil creates around 500,000 barrels of oil comparable each day at run areas in Denmark, the UK, Qatar, Kazakhstan, the United States Gulf of Mexico and alsoAlgeria It likewise has expedition and also growth tasks in Angola, Norway, Kenya, Ethiopia, Greenland, Brazil, and also the Kurdistan Region of Iraq.
In September, A. P. Moller-Maersk Group revealed it would certainly be breaking right into 2 different departments in order to concentrate on its core transport and also logistics solutions. All its oil-related company will certainly be dilated right into a different Energy department.