BP to cut as many as 80 salaried jobs at Indiana refinery
- World stocks hold near 16-month highs after strong week
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Oil edges higher on optimism over non-OPEC output cuts
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Sibanye Gold (SBGL) to Acquire Stillwater Mining Company (SWC) in $2.2B Deal
A BP logo is seen at a petrol station in London, Britain January 15, 2015. REUTERS/Luke MacGregor/File Photo
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
HOUSTON (Reuters) - BP Plc plans to cut between 50 and 80 salaried positions at the company's 413,500-barrel-per-day refinery in Whiting, Indiana, a company spokesman said on Wednesday.
Union-represented hourly and salaried employees at the refinery, which is BP's largest in the United States, will not be affected by the layoffs, said spokesman Michael Abendhoff.
The cuts come as U.S. refiners have weathered a sharp downturn in refining profits due to rising global oil prices.
"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," Abendhoff said.
Abendhoff did not say when the cuts, which are between 3 percent and 4 percent of the plant's total workforce of 1,800 employees and contractors, would take effect.
(Reporting by Erwin Seba; Editing by Lisa Von Ahn)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- India's industrial output unexpectedly contracts in October
- Trump may signal support for Michigan Republican as next party chair
- Turkey eyes spring referendum on stronger presidency, election in 2019