U.S. oil refiner Phillips 66 plans another round of job cuts to advance its strategic priorities and improve workforce efficiency, the company said on Tuesday.
"Phillips 66 continues to look to ways to position our organization to help advance its strategic priorities and enable more efficient ways of working," a company spokesperson said. "As a result, some positions are being eliminated."
The total reductions amount to less than 1% of the company's employee count, the spokesperson said.
The latest job cuts come just a year after the Houston-based refiner eliminated 175 positions amid efforts to realign its global operations.
A total of 430 employee and contractor roles around the globe would change as part of its 2024 realignment and outsourcing, Phillips 66 said last August.
https://www.reuters.com/business/energy/oil-refiner-phillips-66-plans-job-cuts-2024-08-06/