Maersk Oil to Cut Up to 12% of its Global Workforce
Maersk Oil says it intends to implement workforce reductions amounting to 10% to 12% of its world workforce amid the low worth of oil.
The transfer, introduced Monday by the oil and fuel unit of Danish conglomerate Maersk Group, is a part of the corporate’s drive to scale back working prices by 20% by the tip of 2016 and follows an in depth inner evaluation of enterprise actions and continued low oil costs, the corporate stated.
The impacts will see a discount within the variety of worker and contractor roles in a spread of Maersk Oil enterprise areas, in addition to the corporate’s headquarters, the corporate stated. It brings the overall variety of positions taken out of the group throughout 2015 to roughly 1,250.
“These are difficult decisions for any business and my immediate concern is for the welfare of those affected directly by today’s news,” stated Maersk Oil CEO Jakob Thomasen.
“We are operating in a materially changed oil price environment and have taken necessary decisions to reduce activity levels through 2015, and ensure we focus where we can see adequate returns from our most robust projects. This approach has seen us sanction mega-projects like Johan Sverdrup and Culzean during the year. We remain focused on longer term growth opportunities, which play to our technical strengths, and the continued safety of all our people and assets.”
“We expect the pressure to continue into 2016 and we must remain cost-focused to grow in this market. I commend our people for the improvements in our operating performance whilst we have been managing down costs across the organization,” he stated.
Business Units in Qatar and Norway will implement reductions consistent with the 10-12% vary, with barely decrease ranges within the Danish operations, in Kazakhstan and within the firm’s Copenhagen headquarters, Maersk Oil stated.
In the UK, Maersk Oil has already outlined plans to scale back headcount by round 220 positions because of the retirement of the Janice asset and adjustments to the offshore rotation. Meanwhile 60 roles in Angola and the United States related to delays within the Chissonga venture have been introduced final month. Both of these reductions are included within the numbers revealed in Monday’s announcement, the corporate stated.
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