Oil giant BP has offered a Voluntary Separation of Employment Programme (VSEP) to staff in Trinidad and Tobago as it makes cuts from its global operations.
The company said the move was part of a “group-wide programme” to simplify and increase its efficiency.
A spokesman said there was no firm number on how many employees would be affected by the changes to BP’s operations but there was an expected “impact on headcount”.
He said: “We remain strongly committed to investing in safe operations, our people and our business.”
There are around 1,000 employees working for BP in Trinidad and Tobago.
BP announced earlier this week it would be freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.
Many have accelerated cuts in capital and operating expenditures, including freezing some projects, as crude prices more than halved since June to below $50 per barrel.
Salaries in the oil sector are a major part of operating expenses.
BP employed 83,900 staff in 2013 and paid them approximately £9billion in benefits, including wages and pensions,according to the company’s website.
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