(Correction of a year as 13 -year -old Director General (not 12 years) in paragraph 6 of (not 12 years)
Provided by Georgina McCartney and Arathy Somaskhar
Ryan Lance, Director General of Houston -Conocophillips, told employees on Thursday that one of the reasons he had to reduce to 25% of the labor force was because the US oil and gas producer became less competitive as it focused on loss of smaller competitors.
Lance spoke with the staff at the Town Hall meeting when he sent a video of jobs about reducing jobs as a broad restructuring of the cost -oriented costs.
Employees looking at an hourly meeting online and personally at the company Houston’s headquarters Thursday morning, and later that day they also learned that the dismissals would begin on November 10.
Lance said he had recently been a priority, not under control.
“The price and all the competitiveness of the company probably took advantage of those initiatives and things we did for very real reasons, important reasons for the company,” said Lance record, recording Reuters.
“I blame for the fact that I did not pay attention and do not consider other things that are in the center and important,” Lance added, who has been working in the best job for 13 years.
“I have to pay more attention to it,” Lance said, talking about the sustainable structure and health of the company.
Conoco bought a smaller peer marathon oil last year for $ 22.5 billion. 2021 She bought Concho Resources for $ 9.7 billion and also purchased Permia’s assets from Naft Major Shell for $ 9.5 billion. The energy industry has experienced the largest consolidation in the past two years.
“We were probably a little behind the cost effort … Maybe we had to be smarter about how we did it,” Lance told staff.
While many were hoping to reduce jobs after the company noted the need to reduce costs, the reduction scope surprised the industry, said Ed Hirs, an energy collaborator at Houston University.
“It looks like Lance took his hands off the steering wheel,” said the Conoco source, who attended Thursday’s Town Hall meeting.
The source that refused to be named because they were not allowed to speak in the recording said that although they appreciated Lance’s honesty, they also felt that he had avoided answering certain questions.
“Lance only shocked the questions and did not answer directly. After the town hall, everything did not feel clear or clearer,” the source added.
The employee asked how people would be dismissed correctly and dignified during Thursday’s Town Hall. The source said the atmosphere was frustrated and frustrated.