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ConocoPhillips plans to cut 95 jobs from Alaska workforce

FILE - This Feb. 9, 2016, file photo shows an ice-covered ConocoPhillips sign at the Colville-Delta 5, or as it's more commonly known, CD5, drilling site on Alaska's North Slope. (AP Photo/Mark Thiessen, File)

ANCHORAGE, Alaska (AP) — ConocoPhillips Alaska plans to cut about 95 jobs following its $9.7 billion acquisition of Texas oil and gas company Concho Resources Inc. The Anchorage Daily News reported this week that the workers will be laid off or accept voluntary severances. A ConocoPhillips spokeswoman didn’t have information on how many of the affected employees are Alaska residents or how many of the positions are on the North Slope or in Anchorage. The company says those employees will receive out-placement services and associated benefits. Alaska residents make up about 85% of ConocoPhillips Alaska’s 1,100-member workforce. The company is the state’s largest oil producer.


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