Santos to axe 200 jobs in South Australia

OIL and gas mining company Santos has announced 200 jobs will be cut in South Australia.

The company announced in its half yearly report that it had progressively cut 565 employees nationwide over the past year, with 200 of those positions in SA, while another 1,000 contractor positions were also shed.

The latest cuts are in addition to those detailed in the report and will mainly affect Adelaide-based office roles.

About 1,400 employees will remain employed by Santos in SA following the latest cuts.

In a statement, Santos said the changes were "consistent with the objective of the company's strategic review announced in August, to restore and maximise shareholder value".

Read more at ABC News



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