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#1 out of 1
business21h ago
Harbour blames energy profits levy as 100 more North Sea jobs cut
- Harbour Energy confirms roughly 100 North Sea job cuts amid tax and cost pressures.
- Company cites high energy profits levy as a factor behind the reductions.
- The moves reflect broader cost-cutting measures to match market conditions.
- North Sea operations remain central to Harbour Energy's strategy despite the job losses.
- The announcement underscores the ongoing impact of UK energy taxation on majors.
- Harbour Energy aims to preserve its core operations despite scaling back headcount.
- The layoffs are part of a broader efficiency drive within Harbour Energy.
- The Times reports Harbour EnergyBlames levies for North Sea staffing reductions.
- The company emphasizes the changes are in response to market conditions, not a strategic pivot away from the North Sea.
- The focus remains on protecting the core business amid a challenging energy market.
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