Maersk Supply to axe jobs amid negative development in oil and gas market
- Business & Finance
Maersk Supply Services, a Danish offshore supply vessel provider, has decided to reduce its onshore organization due to challenging oil and gas market situation.
In response to the negative development in the oil and gas industry, Maersk Supply Service said on Wednesday that it would reduce its onshore costs by 30 per cent.
Approximately 55 people will be affected globally, with the majority being in the Headquarters in Lyngby, Denmark.
The changes are expected to concern all onshore functions of Maersk Supply Service and take effect within May.
CEO of Maersk Supply Service, Steen S. Karstensen, said: “We realise that the announcement is very unsettling, and indeed undeserved, for our employees.
“However, as we expect a significantly reduced activity level in the oil and gas industry, it is a necessary step to ensure our organisation reflects the current market reality and to safeguard the future of our company“.