As a result of the low oil price environment, Maersk Supply Service said it would cut its onshore costs by 30%, reducing its global staff by 55, most of which would be at its headquarters in Lyngby, Denmark
The Danish OSV owner said changes would take effect in May.
“We realise that the announcement is very unsettling, and indeed undeserved, for our employees,” said Maersk Supply Service chief executive Steen S Karstensen. “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,” said Mr Karstensen.
The move by Maersk Supply Service will cut more than 20% of its current onshore staff. Part of AP Møller-Maersk A/S, Maersk Supply Service employs an international staff of approximately 1,100 offshore and 250 onshore personnel.
In March, Maersk Supply Service bolstered its vessel management with the appointment of Mark Andrew Handin as chief operating officer. The former vice president of operations at Tidewater, Mr Handin has over 23 years of leadership experience in the maritime and oil field service sectors, he has overseen maritime businesses in more than 40 countries.
Former chief operating officer Claus Bachmann was named a senior vice president, head of the North Sea division of Maersk Drilling.
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