https://www.miningweekly.com

Santos to cut 200 more jobs

Santos to cut 200 more jobs

Photo by Bloombeg

13th October 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Australian oil and gas major Santos has warned of another 200 redundancies, this time from its Adelaide-based offices.

The latest round of redundancies was in addition to the 565 positions already cut, which Santos in August revealed delivered some A$100-million a year in gross labour savings, with most of the cuts being made to contractor numbers rather than permanent staff.

Santos said this week that the Adelaide office staff reductions were part of the company’s ongoing drive to further cut costs across the company during a period of low oil prices.

“The organisational changes are consistent with the objective of the company’s strategic review announced in August, to restore and maximise shareholder value,” the company said in a statement.

The job reductions, together with other initiatives to simplify the business, would deliver about A$100-million in cost savings across the company’s Cooper Basin activities over the next three years.

“The job reductions are a part of a broader restructure of the Eastern Australia business to make it a leaner, more agile organisation delivering lower-cost oil and gas from the Cooper Basin,” the company added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.151 0.186s - 107pq - 2rq
Subscribe Now