Maersk Oil plans job cuts across global workforce

Maersk Oil intends to implement workforce reductions amounting to 10–12% of roles across its global business. The move is part of the company’s drive to reduce operating costs by 20% by the end of 2016.

The job reductions follow an internal review of business activities and continued low oil prices. The impacts will see a reduction in the number of employee and contractor roles in a range of Maersk Oil business locations, as well as the company’s headquarters. It brings the total number of positions taken out of the organization during 2015 to approximately 1,250.

Business units in Qatar and Norway will implement reductions in line with the 10–12% 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, 60 roles in Angola and the US associated with delays in the Chissonga project were announced last month. Both actions fall within the scope of the currently planned job eliminations

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...