Oil and Gas News
Total Pays off 180 Staff and Cuts Production
French oil giant total has said that its will cut 180 jobs at its Lindsey refinery in Lincolnshire and scale back production from the plant after it posted a loss of $5.7bn in the fourth quarter.
The Paris-based company said that it would reduce the workforce at the Lindsey plant to 400 workers, from a staff of around 580, and halve production by about 5m tonnes at the site.
In 2010, a man was killed after a massive explosion at the Lindsey plant in East Lincolnshire and Total was forced to halt crude oil supply to the 221,000 barrel-per-day facility.
Total has joined a growing list of oil and gas companies in the UK cutting back jobs amid a slide in the price of crude. BP and Talisman both recently announced hundreds of job cuts to North Sea operations and Royal Dutch Shell said that it will reduce spending.
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Source: The Telegraph