OPERATIONS

One million service jobs lost this year: Rystad

Oil price driving more losses than COVID-19

FIFO workers eat in a quarantined cafeteria. Image CMEWA.

FIFO workers eat in a quarantined cafeteria. Image CMEWA.

Rystad Energy analysis suggests contractors could cut the workforce by 21% globally this year alone. Broken down 13% of all layoffs will be driven by the huge oil price fall and the other 8% from...

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