450 jobs face axe at oil firm

Yorkshire Post - Business - - BUSINESS -

OIL COM­PANY Cono­coPhillips has con­firmed it will axe around 450 jobs across its UK op­er­a­tions be­tween Oc­to­ber 2018 and April 2020.

A spokes­woman for the com­pany said the move fol­lows a vol­un­tary re­dun­dancy pro­gramme trig­gered by plans to halt South­ern North Sea pro­duc­tion at Thed­dlethorpe Gas Ter­mi­nal later this year.

Cono­coPhillips cur­rently has 1,300 staff and con­trac­tors in off­shore and on­shore op­er­a­tions in the UK.

The com­pany was in­volved with the Lin­colnshire ter­mi­nal through a 50-50 joint ven­ture with oil gi­ant BP.

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