Summary
Harbour Energy, the UK's largest oil and gas producer, plans to cut about 100 offshore jobs due to lower expected production and investment. The decision follows recent reductions in the company's onshore workforce and is influenced by the UK's Energy Profits Levy. The company is consulting with affected employees, and the job cuts are expected to conclude in early next year.
Key Facts
- Harbour Energy plans to cut around 100 offshore jobs.
- The company has already reduced its onshore workforce by about 600 since 2023.
- The job cuts are influenced by the UK's retention of the Energy Profits Levy.
- The consultation process for job reductions began recently and will end in early next year.
- Harbour Energy's UK managing director said the cuts are necessary to remain competitive.
- The UK government said it would support affected workers and communities.
- The Energy Profits Levy affects profits from extracting UK oil and gas and is set to last until 2030.
- There are concerns that high taxes could risk jobs in the energy sector.
