Jakob Thomasen News

Maersk Axe on Jobs

the move would help reduce operating costs by 20 per cent by the end of 2016 and “follows an extensive internal review of business activities and continued low oil prices.”   Noting that Maersk operates “in a materially changed oil price environment,” chief executive Jakob Thomasen said the pressure is expected to continue in 2016 “and we must remain cost-focused to grow in this market.”    The job cuts at Maersk Oil come just a few days after its parent company issued a profit warning, blaming a downturn in world trade.   Parent company A