Type
Internal restructuring
Country
United Kingdom
Region
Scotland;
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06.2 - Extraction of natural gas

230 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2015
Employment effect (start)
15 January 2015
Foreseen end date
31 March 2015

Description

US oil company, ConocoPhilips, has announced that it will cut 230 jobs across the United Kingdom after a review of its UK operations. The jobs will be cut by March 2015. The job cuts will come from the company’s head office located in Scotland and also from offshore oil fields located in the North Sea between Scotland and Norway. The cuts are aimed at improving its UK cost structure. ConocoPhilips is a Houston-based independent oil company. The company’s UK business is separate from its Norwegian business.


Sources

  • 15 January 2015: Scottish Energy News

Citation

Eurofound (2015), ConocoPhilips, Internal restructuring in United Kingdom, factsheet number 78142, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78142.