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Anadarko to axe jobs, but where?Anadarko to axe jobs, but where?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=124722016-03-10T06:00:00Z2016-03-10T17:00:00Z

​​HOUSTON - Anadarko Petroleum Corp. has confirmed it will cut 1,000 workers in response to the continuing oil slump.

That amounts to about 17 percent of its total workforce, which stood at approximately 5,800 as of December 31, according to a filing with the U.S. Securities and Exchange Commission.

A year earlier, the company reported 6,100 employees.

Although the cuts will be across most portions of Anadarko’s business, a company spokesman did not disclose where they would occur specifically.

Some of them will come from Anadarko’s headquarters in The Woodlands.

Last month, Anadarko reported a multibillion-dollar loss for 2015 and said it would cut its 2016 budget by about half. 

Since then, Anadarko also has slashed its dividend by 81 percent and lined up three asset sales worth a combined $1.3 billion to help fund its 2016 budget.

The company plans to monetize up to $3 billion of assets in 2016.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Employment
http://www.bizjournals.com/houston/news/2016/03/10/anadarko-axes-jobs-as-oil-slump-continues.htmlRead more at {Source}

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