US EditionHarbour Energy to cut its UK workforce by a quarter, company says
- Harbour Energy plans to cut about 250 jobs at its Aberdeen headquarters in 2025 following a review of its UK operations.
- The company attributes these cuts to a challenging regulatory environment and a punitive fiscal position, including the Energy Profits Levy introduced in 2022.
- Harbour previously reduced 350 UK onshore jobs in 2023 and faces delays in carbon capture projects like the Viking development, impacting investment decisions.
- The chief executive of the local business group expressed that the reductions represent a severe setback for more than 250 families and warned that, without changes in government policy, this could be just the beginning of further job losses.
- These job losses indicate ongoing pressure on the North Sea oil and gas sector, with over 10,000 jobs lost since the windfall tax's introduction, signaling risks to regional employment sustainability.
Insights by Ground AI
Does this summary seem wrong?
28 Articles
28 Articles
All
Left
6
Center
13
Right
1
UK's Harbour Energy To Slash 250 Jobs
Harbour Energy has slammed the government’s “punitive fiscal position” as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of carbon capture projects in the UK. The Energy Profits Levy, also known as the windfall tax, was first introduce…
·London, United Kingdom
Read Full Article
Evening Standard+3 Reposted by 3 other sources
Harbour Energy axing 250 jobs in Aberdeen
The job losses come on top of 350 roles that were cut by the oil and gas firm in 2023.
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources28
Leaning Left6Leaning Right1Center13Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 30%
C 65%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
