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.
Published: 14-08-2018
