Posted on 09/01/2015 4:20:43 PM PDT by BenLurkin
Daren Beaudo, a company spokesman, confirmed that an internal communication was sent to employees earlier this week informing them of the upcoming staff reductions. Most of those affected workers will receive layoff notifications next month.
The largest portion of the job cuts will come from North America, he said, where the Houston oil producer drills for crude from the oil sands in northern Canada to the shale plays in South Texas. The firm will also trim about 1,000 core contractors from its workforce.
Beaudo said ConocoPhillips has informed employees, city and state agencies that more than 500 of the firm’s 3,750 employees in Houston will also be cut. In Canada, the firm is cutting 400 employees and 100 contractors.
(Excerpt) Read more at fuelfix.com ...
My gasoline/Diesel useage in gallons/mo. remains seasonally constant.
Just spoke to a guy that said the fracking industry is laying off heavy in this area, SW PA. soetoro closed down 2 coal fired electric plants in the county and coal mines closing left and rivht. We’re really taking it in the shorts.
F&$k
We’re really taking it in the shorts.”
Understand that Soros is buying up all the cheap coal stock. What does he know that we don’t?
Buy low, sell high. Better yet, have your buddies in the government destroy an essential industry so you can buy it for pennies.
India, china and Africa are all saying FU to soetoro and the agw hoax. They want cheap energy, not expensive unicorn farts.
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