BP Whiting Refinery plans to lay off up to 80 employees
The BP Whiting Refinery located in north-west Indiana is planning to lay off up to 80 employees amidst the deteriorating global oil business.
BP spokesperson Michael Abendhoff was quoted by New York Times as saying: “At this time, we expect a workforce reduction in the range of 50 to 80 salaried employees.
“The announcement today does not include the represented hourly and salaried workforce. BP will comply with its collective bargaining commitments."
The BP Whiting Refinery employs around 1,850 workers, which is the main gasoline-provider in the Midwest.
BP has not reduced its employee-strength at Whiting Refinery since 1999, reported the publisher.
In 1999, BP laid off around 50 employees and planned to reduce an additional 200 hourly workers. The union of the factory struck a deal with the company, after which 249 workers took voluntary discharge from employment.
Oil prices were more than $100 a barrel in January 2014 and are now trading below $45 per barrel due to lesser demand.
In the last financial year, BP lost $6.5bn, its largest loss in its history.
Facing financial crunch, the BP officials decided to reduce its workforce by 9,000 employees within 2018.
Until date most of the job-cuts were from the upstream sector, which concentrates on oil exploration. Now, with the lay off at BP Whiting Refinery, the downstream section also started getting affected.
Abenhoff said: “We are always looking at our business to make sure that we have the right people in the right roles to operate efficiently, safely and reliably.
“BP is committed to treating employees with respect and dignity throughout this organisational change."
According to Oilprice.com, more than 350,000 workers in the oil and gas sector lost their jobs during the last two years.