200 face chop as Maersk Oil slashes UK operations

200 face chop as Maersk Oil slashes UK operations

Maersk Oil is looking to cut up to 200 jobs in the UK plus ditch one of its North Sea assets, citing “ongoing challengesd in the market” and the company’s “cost transformation process”.

It is also looking to push through a move to a three weeks on, three weeks off offshore rotation. Its Janice operations will be shuttered in the middle of next year leaving the Danish firm with just two working assets in the UK section of the North Sea.

When announcing its most recent results, the Maersk Group cited its oil division as being one of the weaker financial areas of the maritime conglomerate.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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