BP to Lay Off 500 Workers in Houston

BP plc, headquartered in the UK, has announced it will lay off 500 of its workers in Houston.

According to a letter to the Texas Workforce Commission, the oil and gas super major will lay off many of the employees beginning in early June and affected employees will receive written notice at least 60 days ahead of their separation date.

The Houston workforce reductions are part of BP’s larger plan to cut 4,000 jobs globally in its upstream segment in 2016, company spokesperson Jason Ryan confirmed in an email to Rigzone.

This is what is required to adapt to the protracted low oil price environment, and BP is taking the steps necessary to reduce costs and ensure we are structured to compete as efficiently as possible, Ryan said.

BP has seen many changes this year, namely its announcement to cut thousands of jobs globally through 2017 as well as realigning its senior executives – which includes the company’s former upstream chief executive assuming the position of Deputy Group Chief Executive.   

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at valerie.jones@rigzone.com

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Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
S.A (Steve) Haktanir | Apr. 1, 2016
Sick n tired of these oilfield layoffs of working class! How about the top echelon making millions $$$ taking a substantial cut/sacrifice with a good heart and/or step down to make room/retain those who need jobs to feed their families!


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