Reuters logo
Cumulative job cuts at ConocoPhillips to approach 15 pct
September 1, 2015 / 8:32 PM / 2 years ago

Cumulative job cuts at ConocoPhillips to approach 15 pct

HOUSTON, Sept 1 (Reuters) - Stung by the worst downturn in oil in six years, crude producer ConocoPhillips said on Tuesday it will trim its current workforce by 10 percent in a second round of layoffs - only months after a first round of cuts reduced staff by 5 percent.

The cumulative impact of the reductions, to be felt most severely in North America, will be around 2,810 jobs, or nearly 15 percent of the 19,100 staff the company, a top U.S. independent, had at the end of last year.

Conoco has 3,753 workers in Houston, its headquarters, where about 500 layoffs are expected. (Reporting By Terry Wade)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below