Layoffs Watch '08: 'Oil Prices Are Too High, Folks. We're Going To Have To Let Some Of You Go. Revenue Pressure, You Know How It Is.'

Posted by Bess Levin, Apr 30, 2008, 1:27pm

BP has supposedly relieved about 150 employees ("Front office, some traders included") of their duties. No word on severance.

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Tags: BP, layoffs

Comments

1

Posted by diablo , Apr 30, 2008 1:49PM

No no, those 150 people are the ones who designed their "Beyond Petroleum" campaign.

2

Posted by guest , Apr 30, 2008 3:10PM

BP.......just have to shake my head. You can bet the Shell traders are having a high five orgy on that news.

3

Posted by guest , Apr 30, 2008 3:58PM

you have a head?

4

Posted by guest , Apr 30, 2008 8:37PM

Nothing new here. BP Canada punted about 75 employees about 3 months ago. 2 day/wk consultants were knocked back to 1 day every 2 weeks. Some re-orgs in NGL groups. Managers in Houston were left without portfolios and some were scrambling back to their "home country" looking for a desk.

BP - at least here in Calgary - couldn't fasten the velcro on their shoes without help from their consultants.

Last week, a consultant tabled an idea that could potentially save $50M. It was rejected more than once. The consultant then asked the legal department sign-off that he could take the idea to other shops. No problem-o, they said.

Companies operating like that should be thumped now and then in the hope that it might pound a bit of sense into them.

--Schmooze

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