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April 24, 2020

Maersk Drilling makes at least 250 layoffs

By Matthew Farmer

North Sea operator Maersk Drilling has announced it will make 250-300 layoffs from operations regulated by Denmark, Norway and the UK.

The cost of operations has increased with the onset of coronavirus, and the profitability of operations. It intends to stack several rigs for maintenance, allowing them to be redeployed when it is more profitable to do so.

CEO Jørn Madsen said: “Though it’s standard practice in our industry to adjust our workforce to activity levels, it never feels right to say goodbye to good colleagues, especially when so many have walked the extra mile to keep operations running in these very difficult circumstances. However, it’s our responsibility to safeguard our business and we are now taking steps to maintain competitiveness in the challenging market environment.”

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