Enterprise axes 100 jobs
12 April 2012
ENTERPRISE Oil has slashed 100 jobs at its London office in the first step of a cost-cutting campaign aimed at defending itself against a potential £3.4bn takeover bid from Italian group ENI. The cull represents one third of Enterprise's London staff and will go some way to meeting the company's goal of cutting total costs by 25%.
The job losses, foreshadowed by the London Evening Standard Business Day section a fortnight ago, are expected to be confirmed when Enterprise unveils its strategic review and full-year results on 5 February.
