Category Archives: Energy

Oil slump slams Mexico with cuts causing 10,000 job losses

Workers from Oceanografia stand on a connecting bridge of the Pemex Pol-A Platform complex offshore from Ciudad del Carmen. (Susana Gonzalez/Bloomberg)
Workers from Oceanografia stand on a connecting bridge of the Pemex Pol-A Platform complex offshore from Ciudad del Carmen. (Susana Gonzalez/Bloomberg)

Bloomberg – More than 10,000 people working at Mexican oil service companies have been laid off as state-owned Petroleos Mexicanos cut contracts in the face of the global slump in crude prices. More job losses are expected.

Most of the companies are based in Ciudad del Carmen, on the Campeche Bay in the Gulf of Mexico, and were told last week that contracts wouldn’t be renewed with Pemex, as the world’s ninth largest oil producer is known.

Job losses could rise to 50,000, Gonzalo Hernandez, secretary at the Ciudad del Carmen Economic Development Chamber, said in a phone interview.

http://www.bloomberg.com/news/2015-01-08/mexico-cuts-10-000-oil-service-jobs-as-pemex-funds-fall.html