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Low oil prices force Maersk to wield the axe

admin
February 5th, 2015


This article is more than 9 years old.

The Danish shipping giant will lay off 120 employees from its subsidiaries Maersk Drilling and Maersk Supply Service

As a direct consequence of the fall in oil prices, AP Møller Mærsk has announced plans to cut 120 jobs and introduce cost-cutting measures at its subsidiaries Maersk Drilling and Maersk Supply Service.

Ninety of the redundancies will take place at Maersk Drilling’s head office, some 20 percent of the office staff, and 30 will take place at Maersk Supply Service.

Over the past six months, low oil prices have greatly reduced the demand for rig activity and oil production, causing the clients of Maersk Drilling to curb their spending.

READ MORE: Low oil prices a curse and a blessing for Maersk

Need to stay competitive
The top brass at Mærsk have deemed the cost-cutting measures necessary in order to stay competitive within the offshore drilling market.

“If we are to remain competitive in this market, we need to look at ways in which we can reduce costs and increase efficiency,” said Claus V Hemmingsen, the CEO of Maersk Drilling.


It is not all negative for the Mærsk concern, however. On January 26, the company broke the world record for the largest amount of shipping containers transported at one time.

Setting out from Algeciras in Spain, the leviathan ship Mærsk McKinney Møller carried 18,168 twenty foot containers, thereby breaking the former record (set by sister ship Mary Mærsk) of 17,603. You can check out the video below.

 

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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”