Total

Type
Internal restructuring
Country
United Kingdom
Region
East (England); Suffolk; Babergh and Mid Suffolk
Location of affected unit(s)
Lindsey
Sector
Manufacturing
(19) Manufacture of coke and refined petroleum
19.2 - Manufacture of refined petroleum products and fossil fuel products
19.20 - Manufacture of refined petroleum products and fossil fuel products
180 jobs
Number of planned job losses
Job loss
Announcement Date
12 February 2015
Employment effect (start)
Foreseen end date

Description

French oil company, Total, has announced plans to cut jobs at its facility in Lindsey, Lincolnshire. 180 of the 580 jobs on the site are due to be cut and production is set to be halved. This follows the company announcing a £4.2 billion loss in the fourth quarter of 2014. The timetable for the job losses has not been announced.  The Lindsey site is the third largest refinery in the UK and one of the most advanced in Europe. 

Sources

  • 12 February 2015: The Independent

Citation

Eurofound (2015), Total, Internal restructuring in United Kingdom, factsheet number 78589, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78589.