11/12/2014at 09:04

Dutch offshore giant axes 1,200 employees

Cost reductions in the offshore industry now force Dutch SBM Offshore to follow in the wake of other companies by trimming its business. The company is in the process of axing 1,200 employees.

BY KATRINE GRØNVALD RAUN

In November CEO Bruno Chabas of Dutch SBM Offshore noted the slowdown in the oil and gas industry. Now he is reacting to this slowdown.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

SBM Offshore settles bribery cases
For subscribers
SBM Offshore saw deficit grow on the bottom line
For subscribers
Oil and gas down USD 27.5 billion on Oslo Stock Exchange

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Maersk CEO Vincent Clerc (left) and MSC CEO Søren Toft are following very different strategic directions. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix

Container

Maersk could be heading for a price war with MSC

After a profit of historic proportions in 2022, Maersk is facing a new reality this year, entailing a potential price war unleashed by the carrier’s partner in the disbanded 2M alliance, MSC, predicts Drewry.

For subscribers

Krisen på fragtmarkedet styrker DSV's position i forhold til rederierne: ”I og med at vi er en af de store aftagere af søfragt, har vi også et samarbejde med rederierne, som er strategisk og forankret i direktionen,” siger DSV's topchef, Jens Bjørn Andersen. | Foto: Lars Krabbe/Foto: Lars Krabbe/Ritzau Scanpix

Logistics

DSV to support box carriers that provided help during Covid chaos

For subscribers

Tanker

Countdown to clash over Euronav's board composition has begun

For subscribers

Maersk is heading for its second record profit, setting a new benchmark in Danish business history. | Foto: Jonas Walzberg/AP/Ritzau Scanpix

Container

Maersk on track to achieve record profit for second consecutive year

For subscribers

Offshore

Danish authorities suspending 23GW of offshore wind projects

For subscribers

Container

Maersk redirects traffic following earthquake

For subscribers

Danish authorities suspending 23GW of offshore wind projects

The Danish Energy Agency has temporarily halted all processing of projects applying for licenses via the national open-door ordinance to await the EU’s assessment of the scheme’s compliance with EU law.

For subscribers

Offshore

Creditors in crisis-stricken Dof request bankruptcy proceedings

An attempt to have a rescue plan for offshore operator Dof approved by shareholders failed on Wednesday, and creditors in the company have now filed for bankruptcy proceedings regarding Dof ASA. Updated.

For subscribers

Ports

European ports launch offshore wind collaboration

Last year marked the beginning of a new European collaboration, which has now prompted six wind ports to sign a deal on realizing offshore wind ambitions.

For subscribers