Chevron Australia is planning cut 20–30 per cent of its Australian workforce, according to an internal memo seen by the media.
According to The Australian, last week a Chevron Australia Managing Director Al Williams said in the memo that the COVID-19 pandemic and the drop in oil prices was forcing the company to reduce activity and spending levels for the remainder of 2020.
Mr Williams said the company had a “challenging road ahead to preserve cash in the short-term while protecting value for the long-term”.
Chevron operates the multibillion-dollar Gorgon and Wheatstone LNG projects in Western Australia and with about 2,000 workers on its Australian payroll, up to 600 jobs could be lost if the maximum cuts are enforced.
Cuts at Chevron follow job losses at a number of other oil and gas companies, including Woodside, Santos and Oil Search, as the coronavirus pandemic and the slumping oil price continue to take a toll on the industry.
Chevron’s workforce changes will all be made by the end of September following a review by its Production Operations Manager Rob Dobrik.
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