OIL SEARCH LAYING OFF EMPLOYEES
Oil Search Ltd is laying off 300 employees mostly believed to be Papua New Guineans by Tuesday 1st September 2015.
Reasons could be low oil prices but then what happened to my K3 Billion investment in Oil Search?
This is believed to be the first redundancy exercise. Two more are expected to follow.
Last Thursday, all the employees were given empty boxes to pack all their personal belongings at their office desks home. On Tuesday, about 300 of them will know their fate. Happy Oil digging!
If that goes ahead (and definitely it will), imagine the consequences...jobless, families suffer, loans, school fees, accommodation.
This information can be verified with Oil Search Public Affairs and has been leaked to PNGBLOGS by people who are aware of the situation and do not want to be named.