ConocoPhillips plans to cut the workforce by 10 percent

 
ConocoPhillips plans to cut the workforce by 10 percent
Loading...
Loading...
The US oil giant ConocoPhillips plans to cut the workforce by 10 percent, equivalent to a reduction of 1,800 jobs.

Most of the jobs will be cut in North America, writes Bloomberg.

The cuts come in the wake of the halving of oil prices since last year, which has contributed to that energy companies around the world have sacked more than 120,000 employees.

- Our industry is going through a dramatic downturn, which has caused that we look at our future need for the labor force, said spokesman Daren Beaudo in ConocoPhillips to the news agency.

ConocoPhillips is the fourth largest US oil company, listed on the New York Stock Exchange with a market worth of $58.9 billion.

Comment below.

Loading...


    Donate to Speisa


The globalist psychopaths vs Speisa


Latest
Untitled-2-Recovered-Recovered.jpg
PO Hellqvist worked for the Swedish Security Service for over 30 years. He is deeply concerned about the social developments in Sweden.

Untitled-2-Recovered-Recovered.jpg
Four American tourists are injured after being attacked with acid in the French city of Marseille on Sunday.

Untitled-2-Recovered-Recovered.jpg
Nato member Turkey apparently ignores arms deals with its partners in the alliance and buys anti-aircraft missiles from the "enemy," leaving Nato perplexed.

View this article in PDF format Print article



DON'T MISS A POST - FOLLOW US ON FACEBOOK!




Disclamer
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.
comments powered by Disqus