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BP's Whiting Refinery Planning Significant Layoffs Due to Oil Downturn

NWI Times, November 16, 2016

BP is reportedly planning to cut up to 80 salaried positions at the company's 430,000 bpd Whiting Refinery as the global oil downturn and the $55 billion in losses from its 2010 Deepwater Horizon spill continue to strain the energy giant's margins. "At this time, we expect a workforce reduction in the range of 50 to 80 salaried employees," BP spokesman Michael Abendhoff said. "The announcement today does not include the represented hourly and salaried workforce. BP will comply with its collective bargaining commitments.

It's been 17 years since the last "mass" layoff at the Indiana refinery, which employs about 1,850 workers and hundreds of contractors doing maintenance work at any given time. After experiencing the largest annual profit loss in the company's history in 2015, BP execs pledged to reduce expenses by cutting some 7,000 jobs; but to this point, most of the layoffs occurred in the upstream side of the business.

Click here to read the full article from NWI Times.


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