Total Secretary-General: Doesn't Plan Any Layoffs In France
March 11 2009 - 4:03AM
Dow Jones News
French oil major Total SA's (TOT) Secretary-General Jean-Jacques
Guilbaud said Wednesday the company doesn't plan any layoffs at all
as part of the restructuring of its refinery and petrochemical
operations in France.
Total said Tuesday it plans to cut 249 jobs by 2013 at its
refining operations in France but doesn't plan any layoffs. It also
said it plans to cut 306 jobs at its petrochemical operations by
2012, without any planned layoffs.
Guilbaud said Wednesday that the job cuts will be made through
attrition, with employees retiring or leaving through preretirement
schemes or being transferred to other positions within the
company.
Total said Tuesday that it is committed to finding appropriate
solutions for the employees concerned "with an emphasis on internal
placement."
Guilbaud said the plan is part of a EUR1 billion investment
project that will create around 1,000 jobs per year on average
between 2009 and 2011.
He also rejected unions' accusations that Total plans to drop
refinery activities in France.
Company Web site: www.total.com
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740;
geraldine.amiel@dowjones.com;