Harbour Energy to cut its UK workforce by a quarter, company says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2025
0mins
Source: Reuters
Job Cuts at Harbour Energy: Harbour Energy plans to cut 250 jobs, about a quarter of its workforce in the UK, due to reduced investment linked to the UK government's policies on the North Sea fossil fuel industry.
Impact of Government Policies: The company cites the increased windfall tax and challenging regulatory environment as reasons for the layoffs, while also highlighting delays in government funding for its Viking carbon capture project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
