Maersk Supply Service is to reduce its onshore workforce by a further 25%, which it said was “in response to the continued market decline in the offshore industry”.
Up to 65 positions in all onshore functions will be lost from offices around the world, the company said.
“We realise that the announcement is very unsettling for our employees. This is an unfortunate, but necessary step to ensure our organisation reflects the current market reality. Our top line has dropped by 40% over the past two years, and as a consequence we have a significantly reduced vessel and crew pool. A rightsizing of our organisation is necessary to protect the long-term sustainability of our business,” CEO of Maersk Supply Service, Jørn Madsen, said in a release.
The Danish company posted a loss including impairments of $106m in its financial results for the second quarter.
In August, it announced it would divest up to 20 vessels from its legacy fleet and make around 400 crew members redundant.