In 1914, a satirical illustration published in Australia used the three-letter acronym CEO for what is believed to be the ...

The shipper disclosed 34,000 job cuts in operations as its chief executive is under pressure to reverse a long slump in the ...

On Monday, Petrofac told investors that it has applied to the High Court to appoint administrators. The firm employs more ...

Petrofac’s UK business is based in Aberdeen and is involved in the operation of North Sea oil platforms for firms including ...

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround ...

The company’s troubles date back to a Serious Fraud Office investigation in 2017 that ended with Petrofac paying a £70 ...

North Sea oil field operator Petrofac faces a potential break-up to save thousands of British jobs after the company was ...

It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a ...

More than 2,000 Scotland-based jobs are at risk as oil and energy services group Petrofac has applied for administration.

As the shutdown stretches past its second week, thousands of federal workers—many of them Black—are losing jobs, paychecks, ...

The federal court order came as White House Director of Budget Management Russell Vought vowed to slash 10,000 jobs.