OPERATIONS

Further Woodside redundancies today 

WOODSIDE Petroleum has confirmed another round of redundancies to Energy News today.  

Further Woodside redundancies today 

"We are engaging with our workforce on changes to Woodside's organisational structure to ensure we remain cost-competitive and resilient across the commodity cycle," a spokesperson said. 
 
"The changes are designed to make our operations and activities more efficient, by streamlining processes and leveraging technology to work smarter."
 
The company would not confirm numbers but said a "limited" number would be hit.  This comes after two large scale rounds of redundancies last year and in 2020. 
 
Acting CEO Meg O'Neill committed to reducing costs by 30% over the coming years not long after taking the job in April 2021. 
 
In October 2020  Woodside let go 300 direct workers the day before then-CEO Peter Coleman fronted the Petroleum Club in Perth to discuss his company's hydrogen plans. 
 
The jobs equated to 8% of its workforce. Earlier in the same year it stood down 450 contractors. 
 
In July last year there were further cuts. 
 
Energy News understood the workforce then had been informed of cuts and told if they had not received an email or call during the day today, to assume their job was safe. 
 
O'Neill told a staff Q&A then the company was attempting to ‘minimise redundancies'.
 
She said the company was focussed on cost savings by streamlining existing processes and reskilling existing staff where possible in order to meet lower cost targets. 
 
It is also looking to streamline things once its acquisition of BHP's petroleum arm goes through. Shareholders vote mid-May at the company's annual general meeting. 
 
Earlier in the year it named its beefed up executive team, keeping only a few from BHP in senior roles. BHP Petroleum chief Geraldine Slattery's name was not listed anywhere. 
 
 
 

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