Arabian Oil to cut Japanese workforce by 45%

Arabian Oil to cut Japanese workforce by 45%

TOKYO, Japan - Keiichi Konaga, president of Japan's Arabian Oil Co., announces in Tokyo on March 6 that the company will cut its Japanese workforce by 45% this month as part of its operational restructuring following the loss of its oil drilling concessions in Saudi Arabia on Feb. 27. Arabian Oil's operations in the Khafji oil field have been halved, limiting them to the part of the field controlled by Kuwait.

  • Product Code
  • ILEA000004147
  • Registered date
  • 2000/3/06 00:00:00
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  • Kyodo / Kyodo News Images
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