Job cuts

BHP Billiton confirms it's sending home staff

BHP Billiton has confirmed that ity is sending home staff. The company issued a statement this afternoon confirming the cuts.

The following is the statement from BHP Billiton.

"Today’s petroleum industry is facing extremely challenging market conditions, even by historical standards.

BHP Billiton is examining our current and future business needs to optimize both staffing and costs and make appropriate adjustments in its global Petroleum business. We remain committed to our ongoing operations while maintaining a platform for future growth opportunities.