Houston Business Journal
ConocoPhillips on Friday said it plans to cut 4 percent of its work force and reduce its number of contractors.
The energy giant also announced a reduced capital budget for 2009 of $12.5 billion, down from $15.3 billion in 2008.
Houston-based ConocoPhillips (NYSE: COP) employs about 33,600 people worldwide, according to the company's Web site, putting the number of jobs to be cut at about 1,300. The company did not give details of where the cuts would be made.
http://houston.bizjournals.com/houston/stories/2009/01/12/daily59.html
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