The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.1 - Extraction of crude petroleum
160 jobs Number of planned job losses
Announcement Date
9 January 2017
Employment effect (start)
Foreseen end date
Description
The Danish oil and gas extracting company, Maersk Oil, is continuing its cost-saving programme and will cut 160 jobs in the coming months. The reason for the redundancies is mainly the falling price of crude oil. In connection with the restructuring, the Danish Business Unit will be moved from Copenhagen to Esbjerg on the west coast of Jutland in order for the company to be able to maximise the potential of the Danish part of the North Sea. The headquarters at Esplanaden i Copenhagen will not be affected by the relocation.
The manoeuvre is part of the major restructuring of Maersk Energy that is to be separated from the rest of A.P. Moller-Maersk. Maersk Oil has 1,500 employees in Denmark.
Sources
9 January 2017: Borsen.dk
9 January 2017: Maersk Oil (company press release)
Citation
Eurofound (2017), Maersk Oil, Relocation in Denmark, factsheet number 90231, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90231.
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