Maersk Supply Service to sack 55 staff on weak market

Danish group dumps plan to sell Maersk Supply Service

PHOTO CREDIT: Maersk Supply Service

 

Maersk Supply Service (MSS) will lay off 55 staff on the back of the weak oil and gas market.

The 55 people will be affected globally, with the majority being in the headquarters in Lyngby, Denmark, a move that will help MSS reduce its onshore costs by around 30%.

“We realise that the announcement is very unsettling, and indeed undeserved, for our employees. However, as we expect a significantly reduced activity level in the oil and gas industry, it is a necessary step to ensure our organisation reflects the current market reality and to safeguard the future of our company,” Maersk Supply Service CEO, Steen S. Karstensen, said.

The changes are expected to concern all onshore functions of MSS and take effect within May.

MSS, part of AP Moller-Maersk, employs around 1,100 offshore and 250 onshore people globally.