Oil and gas giants, BP Trinidad and Tobago has announced that it will be making major cost adjustments as a result of the current economic climate but has stopped short of stating that it will be dimissing staff.
BPTT issued a statement today making the announcement.
The following is the statement by BPTT.
"In line with the BP Group’s focus on improving efficiency and reducing costs, BP Trinidad and Tobago (bpTT) announced plans to seek further cost efficiencies in our business in 2016. This plan will include a review of 3rd party costs, activity prioritization, process simplification and organizational structure. As plans are still being reviewed the specific numbers have not yet been finalized. Throughout this exercise our first priority will remain the safety of our people and our operations."