Maersk Oil cuts 160 jobs in Denmark

Maersk OilMaersk Oil cuts 160 jobs in Denmark, following reorganization plan for efficiency improvement and ensure delivery of its three pillar strategy. The company implemented plan to consolidate all employees of the Danish Business Unit to the Esbjerg office, which aims to maximize production and reduce the costs for operations. The is subject to statutory consultation and local labor law. The simplification of the organization of onshore employees of Maersk Oil will be implemented immediate and expect to complete in first quarter of 2017. However, the company do not specify the scheme of cutting employees and group of affected persons.

“Our employees have done a great job in getting us to where we are today, and we recognise that this announcement will be unsettling news for them. It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business”, said the Chief Operating Officer of Maersk Oil, Martin Rune Pedersen.

The company also will reorganize its positions in Denmark, ensuring future investments that will help realize the full potential of the North Sea offshore operations.

“What we are announcing today will ensure our long term future in a sustainable manner and it is a step in our efforts to support the Maersk Oil North Sea ambitions. The simpler organisation enables us to operate in a leaner and more integrated way with a maintained focus on creating maximum value from safe operations of the mature fields in the Danish North Sea”, said the Danish Business Unit’s Managing Director of Maersk Oil.

Maersk Oil is an international oil and gas company with operated production of over 500,000 barrels of oil equivalent per day. The company is part from the Danish shipping conglomerate A.P. Moller-Maersk Group.