​ConocoPhillips The Canadian Arm of ConocoPhillips Is One of Canada's Largest

question 47

Multiple Choice

​ConocoPhillips
The Canadian arm of ConocoPhillips is one of Canada's largest oil and gas exploration and production companies.ConocoPhillips cut 1 000 jobs early in 2015 and will be eliminating around 1 810 more positions by the end of 2015 due to company losses in the millions,the result of the low oil prices.The CEO stated that the company is eliminating 10 percent of its workforce this year.ConocoPhillips plans to eliminate more than 400 jobs and 100 contractors in Canada.The CEO further stated that the company needs to cut jobs to ensure that the company becomes more competitive.
ConocoPhillips is preparing for a period of lower and more volatile oil prices and has cut back its spending forecasts.The company is also paring back its deep water exploration and Alberta oil sands projects.ConocoPhillips shares have fallen 41 percent over the last year,reaching their lowest price in five years.
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ConocoPhillips is NOT taking a career management approach that would be aimed at absorbing displaced workers into other divisions of the organization? What is ConocoPhillips NOT doing?

• A) ethical placement
• B) inplacement
• C) outplacement
• D) replacement

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Definitions:

Heme

An iron-containing compound that forms an essential component of hemoglobin, allowing it to bind oxygen in the bloodstream.

Iron

A chemical element with the symbol Fe, essential for various biological processes including oxygen transport in hemoglobin.

Capillaries

The smallest blood vessels in the body's circulatory system, where the exchange of water, oxygen, carbon dioxide, and other nutrients and waste substances occurs between blood and tissues.

Arterioles

Small blood vessels that extend and branch out from arteries and lead to capillaries, playing a key role in regulating blood pressure.