US oil company Chevron plans to cut 800 staff in Thailand this year as it looks to cut $500m in costs from its Thai business.
According to Pairoj Kaweeyanun, president of Chevron Thailand Exploration and Production, output would not be impacted by the cuts.
“The cuts will help the company to continue operations in Thailand,” he said, adding that the layoffs, which would take effect on August 1, are in addition to the cutting of around 100 staff earlier this year.
Chevron is Thailand’s largest oil and gas producer, and employs about 2,200 staff and an additional 1,700 contractors.