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2015-03-25 20:15:00

WOODSIDE CUTTING 300 JOBS

WOODSIDE CUTTING 300 JOBS

Australia-based Woodside Petroleum is reportedly cutting 300 jobs and freezing pay in response to low oil prices.

"Woodside has completed a business review to address the impact of the downturn in the commodities market. The outcome is that about 300 roles will be made redundant," Woodside CEO Peter Coleman said in an email to staff obtained by the West Australian.

The company has not disclosed the units expected to be hit by the layoffs.

Pay raises will be frozen throughout the company until at the third quarter of 2015 when the freeze will be…

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Tags: AUSTRALIA, WOODSIDE, OIL, PRICES, LAYOFFS

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