200 more go at Santos

200 more go at Santos

More job cuts have been announced by Australian independent oil and gas producer Santos. 200 jobs will go at Santos’s eastern Australian business unit. The news follows on from August’s announcement of 565 redundancies.

Santos, which has reported repeated losses this year, is looking to make savings of A$180m ($132.4m) this year amid the low global oil price environment.

“The job reductions are a part of a broader restructure of the eastern Australia business to make it a leaner, more agile organisation delivering lower-cost oil and gas from the Cooper Basin,” Santos said on Monday.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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