MAERSK OIL CUTS 12%
Maersk Oil has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business.
The move, part of the company's drive to reduce operating costs by 20% by the end of 2016, follows an extensive internal review of business activities and continued low oil prices.
The impacts will see a reduction in the number of employee and contractor roles in a range of Maersk Oil business locations, as well as the company's headquarters. It brings the total number of positions taken out of the organisation during 2015 to approximately 1,250.
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