Providing coverage of Alaska and northern Canada s oil and gas industry
Retrenching to survive
Kay Cashman
Petroleum News
ConocoPhillips Alaska said Feb. 15 that 8-9% of its staff of 1,100 will either be laid off or accept voluntary severances - this is a separate action from the Feb. 13 layoffs connected to the appellate court decision on the Willow project (see story on this page).
Instead, the employee layoffs are related to ConocoPhillips acquisition of Texas-based Concho Resources last fall, after which employee cuts were expected company-wide.
An EIO (expression of interest) for voluntary severance was issued to employees in early December as part of that process, ConocoPhillips Alaska spokeswoman Natalie Lowman told Petroleum News Feb. 16.