Maersk Supply Service cuts workforce by another 25%

Maersk Supply Service cuts workforce by another 25%

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.

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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