US independent ConocoPhillips will undergo “modest workforce reductions” in mid-September, the company confirmed on Monday.
A corporate spokesperson said employees had already been informed of the cuts and that the move will primarily impact workforces in Houston and the Lower 48.
“ConocoPhillips has undertaken a series of cost-reduction measures over the last few years in response to the downturn, including exiting higher cost of supply lines of business and divesting several non-core assets,” a spokeperson said in a statement.
“We have been transparent with employees that targeted modest workforce reductions in certain areas of our business may be necessary from time-to-time to help us operate more efficiently.”
The company is “currently working through the staffing process” so a final count of job cuts is not yet available.
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