ConocoPhillips will axe 10% of its global workforce

ConocoPhillips will axe 10% of its global workforce

ConocoPhillips, which has already cut 1,000 jobs this year, reportedly stated that it will eliminate around 1,810 more positions following the recent oil price plunge.

The company said it is eliminating 10 percent of its workforce. The biggest proportion of the job cuts will be in North America. According to Reuters, the company’s Canadian business will lay off 400 employees and 100 contractors, or about 15% of its workforce in that country, by the middle of next month.

Source: News Wires

Oil and Gas Press
Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil”

Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook

Contact e-mail: info@oilandgaspress.com

Disclaimer
Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles

#FOLLOW US ON INSTAGRAM