Workers, or rather how to get rid of them, have been the central focus of oil company concerns over the past month as low oil prices force down share ratings and encourage companies to slash spending. But is there a danger of this being overdone? In a capital-intensive but high-tech and safety conscious industry, staffing levels should be trimmed with care.
Corporate axemen need a little finesse
THIS IS A BAD time to be working in the oil industry as the big boardroom axe comes crashing down on the payroll, sending thousands worldwide into enforced leisure time.
3 October 1998 0:00 GMT
Updated
3 October 1998 0:00 GMT