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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST

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To: Bobby Yellin who wrote (28451)2/17/1999 4:17:00 PM
From: long-gone  Read Replies (1) of 116762
 
Things were so good that:
BP Amoco To Cut 3,000 More Jobs

By ROBERT SEELY Associated Press Writer

LONDON (AP) - BP Amoco will eliminate 3,000 more jobs after profits fell sharply in the fourth quarter due to oil prices that are at a 12-year low and a downturn in the refining and chemicals business.

Chief executive Sir John Browne said the latest job cuts are on top of 7,000 cuts already announced, amounting to a 10 percent reduction of the work force created when British Petroleum bought Chicago-based Amoco Corp
dailynews.yahoo.com
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