Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Denmark, Norway and the UK
Sector
Mining / Quarrying
Mining And Quarrying
Mining Support Service Activities
09.1 - Support activities for petroleum and natural gas extraction

250 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
24 April 2020
Employment effect (start)
24 April 2020
Foreseen end date

Description

Maersk Drilling, drilling rig operator, informed that the COVID-19 crisis and an oil market that has experienced major price declines have prompted the company to reduce its staff in the North Sea by 250-300 positions. The redundancies will take place in Denmark, Norway and the UK, without specifying how many jobs are cut where.

Maersk Drilling leases drilling rigs and drilling vessels. Therefore, the company's results are related, among other things, to ups and downs in the oil industry.

Headquartered in Denmark, Maersk Drilling employs 2,850 people.


Sources

Citation

Eurofound (2020), Maersk Drilling, Internal restructuring in World, factsheet number 100380, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100380.