Crunch Victims » Oil & Gas

Shell to axe 1000 staff after 75% slump in profits.

Cruvic — Sat, 06 Feb 2010 12:30:20 +0000

Oil giant Shell is axing another 1000 staff after revealing a 75% slump in profits. The multi-national’s latest clear-out is on top of 5,000 redundancies announced by the firm last year.
Bosses were tight-lipped on where the latest cuts would fall but hundreds of UK workers lost their jobs in the last round. It comes amid fears for 900 staff at Shell’s Stanlow oil refinery.

Source: The Mirror.co.uk

Total losses = 1000

Big layoffs at AM General, GE Capital, Ethan Allen interiors.

Cruvic — Sun, 28 Jun 2009 18:22:58 +0000

AM General plans to cut 250 jobs by 2010.
Winston-Salem State University cut 46 job.

GE Capital layoffs 127 employees at Bedford.
Hovensa oil refinery layoffs 270 contract workers.
Quality Industries layoffs 111 employees.

National Archive Publishing Co layoffs 120.

Ethan Allen Interiors cuts 320 jobs.

Total losses = 1244

900 oil workers at Total sacked after unofficial strike.

Cruvic — Fri, 19 Jun 2009 11:43:41 +0000

Strikes at the best of time are annoying to the general public, but unofficial strikes… they are just lazy people taking the piss in my opinon, and for one oil company it was the last straw. French giant Total wrote to all 900 workers at its Lindsey oil refinery in Lincolnshire saying they had until Monday to reapply for their jobs. (Good on them!). There are loads of people out of work and they would give their right arm to be in those positions.

Total (how fitting) losses = 900

Crunch victims for first week of June 2009.

Cruvic — Fri, 05 Jun 2009 17:58:39 +0000

Here is a sample of job losses, layoffs, and people being fired for various reasons during the first week of June 2009. Not a good sight to see.

Machester Tank closes plant, 66 jobs lost
Fort Wayne Foundry Corp cuts 461 jobs
Harsco Corp cuts 90 jobs

Nearly 100 Turner Industries contract maintenance workers were laid off from the Georgia Gulf plant in Plaquemine
Lockheed Martin layoffs 100 employees
10000 jobs under threat at Royal Dutch Shell
Multiserv layoffs 90 employees
Volvo USA cuts 135 jobs

Southco Inc. laid off 200 employees throughout its global network Wednesday, including 69 at its Delaware County headquarters. The general economic conditions were the cause of these reductions.

Penske Logistis layoffs 53 truck drivers
Nestor Traffic Systems goes into receivership, more than 100 jobs at stake
ABB cuts 25 jobs at Jefferson City plant
Trane Inc will layoff 320 at Pueblo plant by August
Barlow Lyde & Gilbert layoffs 49 in England
McDermott layoffs 25 lawyers and 47 staff
Satyam may layoff only 5000
Philips Products closes Stayton plant, 125 jobs lost
Call centre operator MCCI layoffs 450
University of Colorado cuts 75 jobs
Paragon Industries cuts 105 jobs
Tree of Life layoffs 39 jobs
Hardigg Industries cuts 50 jobs
AGCo cuts 60 jobs
Rheem Manufacturing cuts 470 employees

Aegon USA a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisville offices at Aegon Tower.

Emerson lays off 176 in Minnesota
Capital Group cuts 820 jobs
Principal Financial Group cuts 220 jobs
Ken-American Resources layoffs 75 employees
Fidelity Investments layoffs 45 in Merrimack
Dorsey & Whitney cuts 55 jobs
Harris Corp layoffs 100 mechanical engineers

Waukesha Engine cuts 113 jobs. The layoffs, plus the 84 layoffs and 17 early retirements in February, account for 40 percent of the plant’s union members. The company blames the Economic Downturn has affected their product so they are trying to align their work force.

Wausau Paper closes Appleton facility, 100 jobs lost
John Deere layoffs 494 workers at Iowa plant
Nanogen layoffs 89 employees
Suzuki & Mitsubishi car delarships to close in Hernando County, 80 jobs lost
Autodesk Inc to cut 430 jobs in latest round of layoffs
Metlife layoffs around 250
Greenwich Hospital layoffs 77 employees

Apache Corporation. is Laying Off 200 employees.

Cruvic — Thu, 23 Apr 2009 22:45:49 +0000

One of the world’s top independent oil and gas producers Apache Corp is laying off about 6 percent of its global workforce amid lower commodity prices and weaker drilling and exploration activity. The move will cut more than 200 jobs and affect all of the Houston-based company’s major operations around the world.

Total losses = 200

Citgo Announces 75 Layoffs in Venezuela after blaming ED.

Cruvic — Thu, 12 Feb 2009 00:12:09 +0000

Venezuela’s Citgo Petroleum says it’s laying off 75 employees because of the world economic crisis (WEC). The company says it’s restructuring to better adapt to the Economic Downturn.

Total losses = 75