Bulk chemicals storage group Odfjell is scrapping 112 of the 265 jobs at its Rotterdam terminal in a restructuring aimed at creating a ‘sustainable future’.

The move comes after the Norwegian owned company booked a drop in turnover in the fourth quarter of 2013 of 4% to $284m and net losses of $€102m.

Odfjell has been under attack for its safety standards a number of years. Last December, it was fined €3m for a string of environmental offences at its Rotterdam operations.