Job Cuts News

 

UK North Sea Oil Giant to Cut Jobs Due to Windfall Tax

Jan 18, 2023

The British North Sea's biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax imposed on the sector last year, the company said on Wednesday.The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen…

Siemens Gamesa to Slash 2,900 Jobs as Part of Its Turnaround

Sep 29, 2022

Wind turbine maker Siemens Gamesa plans to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability, it said in a statement on Thursday. Two sources had told Reuters in August that the world's largest producer of offshore turbines was considering cutting around 2…

Siemens Gamesa Weighs Around 2,500 Job Cuts

Aug 01, 2022

Wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover, two people familiar with the matter told Reuters.The cuts would reduce a workforce of some 27…

Wartsila to Slash Up to 450 Jobs in Italy

Jul 14, 2022

Wartsila  will scale down its manufacturing in Trieste, Italy, in a move that might involve about 450 job cuts, the Finnish engineering group said on Thursday.Wartsila said it plans to centralize its 4-stroke engine manufacturing in Vaasa, Finland…

Exxon to Cut US Workforce by Up to 10% Annually

Jun 21, 2021

Top U.S. oil producer Exxon Mobil Corp is preparing to cut its U.S. office workforce by between 5% and 10% every year for the next three to five years, Bloomberg News reported on Monday citing people familiar with the matter.The job cuts will…

Exxon Expects $200M in Job Cuts Charges

May 06, 2021

Exxon Mobil Corp expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14…

Robots Could Replace Thousands of Oil & Gas Jobs, Cut Drilling Costs

Mar 30, 2021

Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found.'Even when the Covid-19 downturn is finally past us…

Norwegian Seismic Firm Reactivates Vessels Citing Pick Up in Activity

Mar 04, 2021

Norway-based marine seismic surveyor PGS said Thursday it was experiencing an increase in seismic acquisition project activity, and that it would reactivate some previously stacked vessels.'Based on project awards so far, PGS has started preparations…

Pandemic Wiped 28,000 Oil & Gas Jobs in Australia, Rystad Says

Nov 18, 2020

The coronavirus pandemic has wiped 28,000 thousand oil and gas jobs in Australia this year, a quarter of the country's total oil and gas jobs count, Rystad Energy, a Norwegian energy market analytics company has found. 'Some of these jobs will be restored from 2021 onwards…

Oil Firms Boost Nigeria Security as Protests, Job Cuts Stoke Tension

Nov 18, 2020

Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters.Already unemployment…

Coronavirus, Consolidation Taking Toll On Energy Jobs

Oct 30, 2020

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people…

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

Oct 29, 2020

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.Exxon and other oil producers have…

Cenovus to Cut Up To 25% of Workforce after Husky Merger

Oct 29, 2020

Cenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc, the companies said on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in nearly four years.The job losses could total about 2…

Exxon Mobil to Keep Dividend Flat for First Time Since 1982

Oct 29, 2020

Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.The largest U.S. oil producer by volume…

Chevron to Cut a Quarter of Noble Energy's Employees

Oct 28, 2020

Chevron Corp will lay off about 25% of Noble Energy's employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday.A collapse in crude oil prices has forced most…

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