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As oil plunges, energy companies cut jobs, postpone projects

2016-01-12 22:10:33| Energy - Topix.net

The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows - and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years.

Tags: jobs companies energy cut

 

BP to slash 4,000 jobs globally as oil prices drop

2016-01-12 17:00:24| Oil & Gas - Topix.net

BP to cut 4,000 jobs globally as oil prices drop BP employs about 17,000 people in the U.S., with operations in Texas and Alaska Check out this story on KHOU.com: http://usat.ly/1P77Fmd NEW YORK-- Oil producer BP plans to slash more than 4,000 jobs over the next two years as oil prices plummet. BP will reduce its global upstream staff from 24,000 to "well below" 20,000 by the end of 2017, the company said in an emailed statement.

Tags: jobs prices oil drop

 
 

C&C Group to cut 180 jobs as competition bites

2016-01-12 16:44:00| Daily beverage news and comment - from just-drinks.com

C&C Group is to close cider packaging and production facilities in England and Ireland, with the net loss of 180 jobs. 

Tags: group jobs cut competition

 

Advance Auto brings new jobs to Rutherford County

2016-01-12 01:49:14| Auto Parts - Topix.net

Advance Auto Parts is set to invest $24.5 million in a La Vergne distribution center and create 200 new jobs in Rutherford County, officials announced. The aftermarket parts provider said it will upgrade an existing building and install the equipment to set up a 450,000-square-foot "world-class" distribution center for its company-operated stores, commercial customers and independently-owned Carquest stores in its southeast area.

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Electronics Recycling Plant Closing, Eliminating 86 Jobs

2016-01-11 15:37:00| Waste Age

Baltimore Business Journal An electronics recycling plant in Elkridge plans to close in March, resulting in the loss of 86 jobs. read more

Tags: jobs electronics plant closing

 

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