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Spain's Repsol energy firm plans to cut 1,500 jobs over 3 years, a reduction of 6 per cent

2015-10-01 21:37:15| Oil & Gas - Topix.net

Spanish energy company Repsol plans to eliminate 6 per cent of its workforce by 2020, meaning about 1,500 job cuts for the company's roster of 25,000 employees. Repsol SA said Thursday in a letter to employees that the cuts are part of a three-year strategic plan for 2016-2020 aimed at making the company more efficient and ensuring its viability.

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