www.spyghana.com has established that Tullow oil Ghana has begun?consultations with some of its employees who are likely to be laid off in the coming months due to the challenges the company faces in the industry.
A statement from the company noted that the extent of redundancies and organisational changes will be determined on case by case basis and may therefore differ from one Tullow operation to the other.
It also stated that the move is as a result of challenges in the oil and gas industry which have taken a heavy toll on crude oil prices.
The company however said, ?it is incumbent on Tullow as a prudent and responsible operator to undertake a global review of its operations to ensure business efficiency and cost reduction.?
“….?There are reports that majority of the workers who will be affected would be Ghanaians but Tullow has insisted that ?? Tullow remains committed to its stated goals of Local content and Localisation in Tullow Ghana. ?
The statement also has it that the company will continue to invest in building the capacity of Ghanaians to perform highly skilled roles in every aspect of Ghana?s fast growing oil and gas industry, and that the?continuous fall in crude oil prices on the world market has also affected government?s finances for the budget greatly.
This however has led to their decision to lay off some staff.
Source: spyGhana.com
