Inspectioneering
News

Repsol to Furlough 830 Workers at Two Spanish Refineries

Reuters, April 8, 2021
Reuters

Spanish energy firm Repsol said on Thursday it will furlough up to 830 workers at its La Coruna and Puertollano refineries in Spain as pandemic restrictions have led to an “unprecedented” slump in demand for fuels.

It is a sustained situation that has kept fuel consumption for transport much lower than expected,” Repsol said in a statement.

The profit Repsol makes on refining products that come into its refineries in Spain dropped to $0.2 per barrel in the first quarter from $4.7 in the first three months of 2020, its trading statement released on Thursday showed.

Uncertainty generated by the broad global shift towards clean energy and away from fossil fuels contributed to the decision to furlough the workers, Repsol said.

Repsol said it had begun proceedings for 212 workers in A Coruna and 618 at Puertollano to be supported by Spain’s ERTE government furlough scheme for a maximum of six months.

In late March, oil refiner Petronor, which is majority owned by Repsol, furloughed a third of its 900 employees.


(Reporting by Nathan Allen and Isla Binnie; Editing by Susan Fenton)

Click here to read the full article from Reuters.

Copyright 2024 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Training Solutions

Improve your skills in key mechanical integrity subjects.

Case Studies

Learn from the experience of others in the industry.

Integripedia

Inspectioneering's index of mechanical integrity topics – built by you.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Downloads

Downloadable eBooks, Asset Intelligence Reports, checklists, white papers, and more.

Videos & Webinars

Watch educational and informative videos directly related to your profession.

Acronyms

Commonly used asset integrity management and inspection acronyms.