Maersk Supply Service Cuts More Jobs

Maersk Supply Service will be reducing its onshore organisation by up to 25 percent in, as the company says, response to the continued market decline in the offshore industry and the recently announced vessel divestment plans and offshore staff reduction

In August Maersk Supply Service announced that it is divesting up to 20 vessels from its legacy fleet and making around 400 crew members redundant.

Despite extensive cost reductions in the past years the decreasing market demand in the offshore industry continued to put pressure on earnings, and in Q2 Maersk Supply Service recognised a loss, including impairments, of USD 106 million.

“We realize 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 2 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,” says CEO of Maersk Supply Service, Jørn Madsen.

The broadbased rightsizing is expected to concern all onshore functions of Maersk Supply Service. Up to 65 onshore positions will be affected globally, the company informed.

Share this article

Follow Subsea World News

Events>

<< Aug 2018 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The European Corrosion Congress – EUROCORR

The European Corrosion Congress – EUROCORR, the EFC’s annual conference, is the flagship event of the European corrosion calendar…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

FPSO World Congress 2018 will take a closer look at the overall life-cycle of an FPSO…

read more >

EIC Connect Oil & Gas USA 2018

EIC Connect Oil & Gas USA 2018 is the Energy Industries Council’s (EIC) not-for-profit event designed to promote…

read more >