Origin Energy has announced it will slash 650 jobs, primarily in Brisbane, in an attempt to reduce its operating and capital costs and to boost its global competitiveness.
The oil and gas producer and energy retailer said it will be introducing a flatter structure with the majority of its workers on the ground and involved in the operation of its assets.
As a result, the majority of the job cuts will be made in the company’s gas division at its Brisbane office, with a focus on reducing middle management.
Origin Energy chief executive Frank Calabria said the loss of jobs is never a decision taken lightly.
“We are putting considerable effort into completing this process as quickly as we can so we can provide certainty to our people,” he said to brisbanetimes.com.au.
“Extensive planning and careful consideration has been given to making sure we can implement these changes in a way that maintains business performance and Origin’s very high operating standards.”
Staff were informed of the job cuts in late January.
The job cuts come after the construction of the Australia Pacific LNG (APLNG) project in Queensland, and the transition to steady operations, along with the sale of the company’s oil and gas business Lattice Energy to Beach Energy.