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Serious Keppel confesses suspicious dirty deals, cuts 3,080 more jobs in Q3, profit down 38%

EnBloc

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SINGAPORE — Keppel Corp’s offshore and marine division slashed another 3,080 jobs worldwide in the third quarter, including 660 in Singapore, said the oil-rig builder yesterday, warning it will reduce more of its headcount as the persistent global oil glut forces a cutback in exploration and drilling operations.

For the first nine months of the year, Keppel O&M has reduced its global direct workforce by close to 8,000 or about 26 per cent of the total.

The warning came as Keppel released a dismal third-quarter report card, with net profit for the offshore and marine, property and infrastructure conglomerate slumping 38.1 per cent in the three months ended Sept 30 from the corresponding period a year ago to S$224.5 million.

Keppel announced that following internal investigations, it recognised that certain transactions associated with the agent of some Keppel entities in Brazil may be suspicious.

http://www.todayonline.com/business/keppel-cuts-more-3000-jobs-q3-amid-oil-glut
 

batman1

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Re: Keppel confesses suspicious dirty deals, cuts 3,080 more jobs in Q3, profit down

Good news for timid sinkees.
 

WujiBo

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Re: Keppel confesses suspicious dirty deals, cuts 3,080 more jobs in Q3, profit down

Military juntas management is no good.
 

OrLanChowHorFun

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Re: Keppel confesses suspicious dirty deals, cuts 3,080 more jobs in Q3, profit down

SINGAPORE — Keppel Corp’s offshore and marine division slashed another 3,080 jobs worldwide in the third quarter, including 660 in Singapore, said the oil-rig builder yesterday, warning it will reduce more of its headcount as the persistent global oil glut forces a cutback in exploration and drilling operations.

For the first nine months of the year, Keppel O&M has reduced its global direct workforce by close to 8,000 or about 26 per cent of the total.

The warning came as Keppel released a dismal third-quarter report card, with net profit for the offshore and marine, property and infrastructure conglomerate slumping 38.1 per cent in the three months ended Sept 30 from the corresponding period a year ago to S$224.5 million.

Keppel announced that following internal investigations, it recognised that certain transactions associated with the agent of some Keppel entities in Brazil may be suspicious.

http://www.todayonline.com/business/keppel-cuts-more-3000-jobs-q3-amid-oil-glut


chay.......i thought all 8,000 retrenched in S'pore...............make me happy only............
 
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