Maersk Oil Danish Business Unit (DBU) announced Monday that it will “simplify its organization to improve efficiency,” which will result in the reduction of up to 160 positions.
The changes are expected to take place during the coming months, with a first phase scheduled to be completed during the first quarter of this year.
“Our employees have done a great job in getting us to where we are today, and we recognize that this announcement will be unsettling news for them. It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business,” Martin Rune Pedersen, Chief Operating Officer at Maersk Oil said.
The new organization will provide the foundation for a more cost-efficient operating model, and will position Maersk Oil DBU to safely and efficiently maximize production and ensure future investments that will help realize the full potential of the Danish North Sea, according to a company statement.
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