Saudi Aramco cuts hundreds of jobs amid oil market downturn, sources say

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis.

The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed

Like other top oil firms, Aramco has cut capital spending for 2020 after the pandemic brought an unprecedented drop in oil demand and hammered crude prices. Oil majors have cut workforces by 10% to 15% to cuts costs and as part of restructuring plans.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As Salam o alikum sir hope all is well with you sir I am postgraduate including dit diploma and experience person I want to convey my message to CEO of Aramco company kindly give me Visa thank you

خطوه صحيحه ، كثير من العرب وغيرهم اخذوا جنسيات كنديه وامريكية وكانو يعملون مع شركات خدمات مثل هليبرتون وغيرها وأصبحوا يعملون الان مع ارامكو برواتب خياليه . نصيحتي لأرامكو لماذا لا تعمل اتفاقيات مع مثل هيلبرتون وغيرها لتدريب السعوديين وخاصة الشباب منهم

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines