Sep 01

ConocoPhillips Fires 10% Of Global Workforce, Warns Of “Dramatic Downturn” To Oil Industry (ZeroHedge, Sept 1, 2015):

Where the great oil crash hits close to home for most Americans, is when firms such as Houston based ConocoPhillips announce that the E&P giant is about to terminate 10%, or 1,800 people, of its global workforce, in the next several weeks as it copes with low oil prices. “Our industry is undergoing a dramatic downturn, which has caused us to look at our future workforce needs. As we have assessed the implications of lower prices on our business, we’ve made the difficult decision that workforce reductions will be necessary.”

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One Response to “ConocoPhillips Fires 10% Of Global Workforce, Warns Of “Dramatic Downturn” To Oil Industry”

  1. Marilyn Gjerdrum Says:

    Didn’t they just fire a few thousand workers?

    Every time the market fluctuates, it is an excuse to fire more workers for greedy guts. They will never rehire, either. If Tesla is truly what it claims, and it has managed to put fuel cells to work, the oil industry will become secondary, then extinct.

    Just saw the latest number of US working age unemployed, over 101 million. I would have forwarded the article to you, but the writer had the presidential years wrong, he was blaming Obama for taking office in 2005, and its employment numbers……When I find a validating article, I’ll send it…..but it makes sense to me; the job losses all over are skyrocketing…..

    Technology may make life easier on many levels, but it is killing employment.

    Tesla does not have car agencies, people order online……..They have a waiting list…….They are coming out with a $30K car, and if they do, and their technology is what they claim, vehicles, and the servicing of them will change radically. Again, less and less workers will be needed.

    Something has to change, this cannot go on……Everywhere I go, the media is playing up the valor of soldiers…….But, even war has been changed with technology and drones. If people cannot find jobs as soldiers, what can they do? I see little future for most people…..Sure hope I am wrong.

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