LNG player Woodside cuts jobs

Australia’s LNG player Woodside said it is cutting 300 jobs and will freeze all salaries in response to falling 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,” Australia’s most experienced LNG operator said in a statement.

The falling price of oil has prompted many companies to slash jobs and reduce costs. Woodside’s CEO Peter Coleman said in February this year that more jobs were to be reduced, after 320 jobs were lost in 2014.

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LNG World News Staff; Image: Woodside