Maersk Oil cuts 200 jobs as oil price declines

Maersk Oil cuts 200 jobs as oil price declines

London: Maersk Oil has cut 200 jobs in an effort to reduce its operating costs by 20% over the next two years in the face of declining oil prices.

The redundancies will affect Maersk staff at its headquarters in Copenhagen, Denmark; Qatar and 30-35 jobs in the UK.

Both permanent employees and core contractors will be affected, reports say. Nineteen contractors will be lost in the UK.

Last month, Shell said it would let go 250 staff and agency contractors working on its North Sea operations.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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