Maersk Drilling To Cut 70 Jobs From Its HQ

Maersk Drilling is reducing its headquarter organisation by up to 70 positions of which approximately 20 are expected to be vacancies that will not be filled. This is a response to the continued market decline and reduced activity level in the oil industry.

“The combination of low activity levels and excess capacity of drilling rigs continue to drive lower utilisation and lower day rates. At present, nine out of Maersk Drilling’s 23 units are lying idle, and we expect the market balance to be challenged in the coming years. As a consequence, we have had to say goodbye to more than 600 offshore employees in the last 12 months,” says Claus V Hemmingsen, CEO of Maersk Drilling and Vice CEO of the Maersk Group and continues.

“To date, Maersk Drilling have managed to reduce cost by more than 15%. However, the adverse market conditions continue to heavily affect us, and an onshore staff reduction is an unfortunate but necessary step to safeguard the future of our company.”

The staff reduction is expected to concern all Headquarter functions of Maersk Drilling. Headquarter functions situated in other locations than Copenhagen might also be affected.

Reference: maerskdrilling.com

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