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News ID: 68332 |
Publish Date: 15:17 - 20 August 2016

Maersk Supply Service to cut offshore jobs

Denmark-headquartered Maersk Supply Service is to let 400 of its 1450 offshore workers go by the end of September as it responds to “unprecedented” market conditions driven by the “new oil reality”.

Maersk Supply Service to cut offshore jobsAccording to MANA,The AP Moller-Maersk Group subsidiary also plans to reduce its fleet by up to 20 vessels within 18 months, the first 10 of which are expected to scrapped or sold for conversion by the end of the year.

“We are facing unprecedented market conditions and regrettably we have to further adjust our crew pool. It is an unfortunate but necessary step to safeguard the future of our company,” Maersk Supply Service ceo Jørn Madsen said of the decision to cull 27% of the company’s offshore workforce.

Its workforce before today’s announcement numbered around 1450 offshore and 260 onshore staff. The 400 redundancies “covering all nationalities” are expected to be finalised by the end of September.
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