September 2, 2015
By AP
Energy company ConocoPhillips (click here) says it is cutting about 1,810 jobs, or 10 percent of its workforce, following a plunge that took oil prices to their lowest levels in years.
The biggest proportion of the job cuts will be in North America, the company said Tuesday, with plans to eliminate more than 500 jobs in Houston, where it is based. The company confirmed those details after internal communication about the reductions was leaked to media.
In a news release, ConocoPhillips said it’s making the cuts because the energy industry is in a “dramatic downturn.”
ConocoPhillips
has already cut 1,000 jobs this year; it had 18,100 employees on June
30. It has an estimated 1,700 employees in Bartlesville....
